Iraq Telecommunications Q4 2018
Growth in the Iraqi mobile market remained unchanged in Q118 after significant improvements in both 2016 and 2017.However, despite quarterly volatility, annual growth continues to play in line with our forecast. The launch of 3G services in 2015 hasbeen particularly important to the growth of the overall market, although mobile broadband has not been enough to prevent theerosion of prices due to intense competition and a difficult economic situation for everyday Iraqis. Underdevelopment continues tobe characteristic of the wireline market, due to a lack of investment and infrastructure damage and despite government plans andinvestment announcements. Given these conditions, we are cautious on the success of the auction for a fourth mobile license,despite acknowledging an overall improvement in the Iraqi telecoms market.
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