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|Telstra Leads Operating Revenues (AUDmn)|
|Source: BMI, o perator d atabase|
We estimate 31.7mn mobile subscribers at the end of Q4 2015, with Telstra continuing to dominate.
The NBN has a monopoly on advanced fixed broadband technologies, but uptake remains low, with 600,000 customers compared with over 5mn for DSL and 6mn for dedicated mobile broadband.
New services will drive the market, such as LTE, which already represents over 40% of operators' customer bases, and M2M, with Telstra leading the way with 1.7mn connections.