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Spain: Telecom Market Declines, but MVNO Growth and LTE Depl

The Spanish communications market generated $29.0bn in 2012. This was 8% less than the previous year, as Spain continues to suffer the adverse effects of a weak macroeconomic environment. However, we expect the sector to grow again between 2015 and 2018. The main revenue growth drivers will be fiber-based services on the fixed side and the MVNO and M2M segments on the mobile side.

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