We have made some minor forecast revisions in this quarterly update. The mobile market grewmoderately faster at 2.9% y-o-y ending Q117 with 9.06mn subscribers for a penetration rate of 68.1%. Withmobile penetration yet to reach 70%, we believe there is still room for operators to expand organically, butthat will entail expanding networks beyond core urban markets where returns on network investments willbe limited as a result of low customer expenditure power. We believe 3G/4G access will be a key growthdriver for the overall mobile market. In the fixed voice market, we expect the combination of mobilesubstitution as well as CDMA and inactive fixed voice disconnection to continue decreasing fixed voiceaccess.
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We expect the Rwandan mobile market to maintain positive growth throughout our forecast period to2021 due to strong competition between MTN, Tigo and Airtel, as well as an expanding economy.However, operators will have to expand their networks beyond their core urban markets. By the end of2021 we expect the number of mobile subscriptions to rise to 10.9mn.