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Hungary, one of the key mobile markets in Central Europe, is experiencing a steady growth in the adoption of mobile broadband services offered by the three national operators Pannon, T-Mobile, and Vodafone. In fact, the number of subscribers to these services has reached 972,000 in March 2010 according to the National Telecommunications regulatory Agency latest report.
As the figure below features it, the mobile broadband subscriptions that were just 85,000 in the first quarter of 2007 have grown nearly10 folds in the last three years to stand at 932,000 at the end of 2009.
In the same time, the quarterly growth rate, despite its declining trend proved to be very strong with a double-digit performance over ten consecutive quarters, resulting into an average of 83% per quarter of 24% in the referred period.
But is this historical bullish trend of mobile broadband market in Hungary still sustainable and to which extent, especially given the fact that it started 2010 with a bearish situation, performing a single digit uptake of 4% in the first quarter?
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