In this quarter's update we extend our coverage out by one year, to 2022. We hold our positive long-term view for theGhanaian mobile market with a number of high-profile investments underway to boost competition, innovation and technologicaladvances. The mobile market in Ghana ended Q417 with 36.945mn subscribers for a q-o-q decline of 0.7%, due to mandatory SIMre-registration that commenced in November 2017. 3G/4G uptake and organic subscriber growth will remain hallmarks of themobile market over the next five years. With the demand for data fuelled by growth in usage of social networking, MTN Music, videoand mobile financial services. The AirtelTigo merger will allow the enlarged company to capitalise on its shared resources andtechnological innovation. Meanwhile, the fixed voice subscriptions seem to be declining at a fast rate, indicating strong preferencefor cheaper and more accessible mobile alternatives among most consumers and small businesses.