We estimate there were -.---mn mobile subscribers in Namibia at the end of Q---, for a penetration rate of ---.- . Telecom Namibia s acquisition of Leo has not drastically changed the country s competitive dynamics, with MTC still the overwhelming market leader, and we forecast limited subscription growth to ----. ...By ----, we expect a total of -.---mn -G/-G subscriptions, representing over --.- of the market. We believe continued uptake of mobile data services, both in terms of increased usage levels and new subscriptions, will require continued investment into network coverage, as well as backhaul capabilities. Although Telecom Namibia has been rapidly improving network coverage in order to claw market share away from MTC, we believe that while the government remains a key investor in both operators they will ...We believe continued uptake of mobile data services, both in terms of increased usage levels and new subscriptions, will require continued investment into network coverage, as well as backhaul capabilities. Although Telecom Namibia has been rapidly improving network coverage in order to claw market share away from MTC, we believe that while the government remains a key investor in both operators they will
...We have made a slight upgrade to our mobile market forecast to reflect stronger-than-expected subscription growth during ---- and Q- ---- (latest data available). We forecast modest growth in mobile subscriptions from -.--mn in ---- to -.--mn by ----, although the penetration rate will decline as population growth outpaces mobile subscriptions growth. ...We have made a slight upgrade to our mobile market forecast to reflect stronger-than-expected subscription growth during ---- and Q- ---- (latest data available). We forecast modest growth in mobile subscriptions from -.--mn in ---- to -.--mn by ----, although the penetration rate will decline as population growth outpaces mobile subscriptions growth. MTC Namibia plans to spend over NAD-bn over the next few years towards expanding its -G and -G capabilities. ...We estimate that there will be over -.--mn -G/-G subscribers by end of ----, representing over --.- of the mobile market. MTN Business Namibia entered the wireline voice and broadband market in ----, posing an important competitive threat to the established players, and underpinning our forecast for broadband subscriptions to more than double from ---,--- in ---- to ---,--- in ----.
...BMI View: We maintain a cautiously optimistic outlook for the Botswana and Namibia mobile markets in our latest annual forecast update. Out to ----, we are of the opinion that the smaller size of these markets will subdue absolute organic growth prospects in terms of new subscribers. ...
