Pakistan Telecommunications Q1 2019
Pakistan's mobile market continues to grow at an impressive rate, adding nearly 7.0mn new subscribers in the first ninemonths of 2018. Organic growth will be strong as penetration rates are far from 100%, and the bulk of new subscriptions will likelycome from rural areas. 4G uptake is strong, and aggressive LTE upgrades by operators means there is substantial scope for greateradoption of premium data services. However, we highlight that low growth in spending power and the lack of disposable income inthe country remain downside risks to long term prospects.
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