BMI View: Growth in the mobile market during 2017 has been slower than in the previous year, a trend we expect to continue as the market reaches a saturation point. The adoption of data packages and other non-voice services, as well as the expansion of 4G LTE networks, will be the main drivers of growth, but price competition between operators will continue to drive ARPUs down. The prospective entrance of MVNOs during 2018 will only exacerbate this. We believe Bitel and Entel will continue to erode TelefÃ³nica and Claro's market share. In the wireline sector, there will be limited growth thanks to prospective investments in fibre and wireline broadband services, although fixed voice services will continue to decline, as expected.