America Movil predicts 20% pay-TV growth for 2012

Gabriel Miramar-Garcia ©RapidTVNews | 07-06-2012

America Movil, the communications giant controlled by Mexican billionaire Carlos Slim, is planning to continue its pace of adding 230,000 new television subscribers per month throughout the rest of the year.

This would see the firm upping its subscriber base by 20% by the end of the year. Currently America Movil claims 14 million pay-TV clients throughout the 16 Latin American countries where it operates video service.

Oscar Von Hauske, the company's head of fixed operations, told Reuters that that growth is down from 2011, when the behemoth saw a 33% growth in subs.

Still, pay TV accounted for 8.1% of the company's revenue in Q1, first-quarter revenue.

Blocked by regulators from offering TV service in its home market ofMexico, America Movil is planning an online streaming service that will feature Larry King, the former CNN talk show monarch. It also plans to tap Colombia, Argentina and Chile with streaming offers. Slim still holds hope that the company will be granted an IPTV or satellite licence in the contry, but as the incumbent fixed line provider and dominant mobile operator, it is unlikely that Cofetel will budge on the issue.