The telecommunications market continues to perform in line with our forecast and it is clear the mobile market haspassed the saturation point. The May 2017 auction for 3.6 GHz spectrum and a multi-band auction planned for 2019 raise hopes for5G network development. Migration to post-paid, LTE, VDSL/fibre and converged services are the core strategies for operators asthey look to improve their monetisation prospects, and an improving macroeconomic climate should help boost growth. Aconsortium led by NJJ completed its acquisition of the incumbent eir in April 2018, putting a new board and management structurein place. The government's national broadband plan encountered a setback in early 2018 when eir unexpectedly withdrew from thetender to deploy high-speed infrastructure in underserved areas and delays to 2020 are expected.
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