Argentina's telecoms market continues to show potential, but the threat of increasing government intervention offers considerable downside to the long-term picture. Nevertheless, there are several bright spots, including growing interest in pay-TV as operators increase the availability of multiplay options. Merging operations to offer converged services also supports this trend, and enables operators to lower their costs, supporting the market's long term growth potential. New entrants in the mobile sector in the form of MVNOs will boost growth, even as the penetration rate passes 150%. Operators have bucked the trend of falling ARPU, leading BMI to revise forecasts upwards over the 2014-2018 period.