Spanish telecoms giant Telefónica had reached 2.9mn subscribers for its pay-TV services globally by the end of the first quarter of this year, up 10% year-on-year, with some markets reporting gains of as much as 47%.
The company reports that bundles of voice, broadband and television services remain key to its strategy of gaining new broadband subscribers, as well as to churn control. Both in Spain and in Latin America, 89% of retail fixed broadband accesses are bundled as part of either a dual or triple service package.
In Spain, Telefónica reached 786,000 IPTV subscribers at the end of March, up 7% from one year previously. Its Czech subsidiary Telefónica O2 Czech Republic had reached 129,000 subscribers for its IPTV service 'O2 TV', down slightly from 138,000 one year previously.
Telefónica reached a total of 1.9mn pay-TV customers in Latin America, up 10% year-on-year, with its Colombian subsidiary performing particularly well, making gains of 47% to reach 217,000 subscribers at the end of March. In Brazil, the telco managed 509,000 pay-TV accesses by the end of the first three months of this year, up 8% from one year previously.
In Chile, Telefónica had reached 359,000 pay-TV customers, up 21% year-on-year, while its Peruvian TV subscriber base stayed nearly flat at 711,000.
Total revenues across all operations and markets for the first quarter of this year reached €15.435bn, up 10.8% year-on-year, while consolidated net profits fell 1.9% by the same comparison to reach €1.624bn.
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