Cantv's DTH wins over 40% of Venezuela's new pay-TV subs

DetailsJuan Fernandez Gonzalez | 05 January 2015

Private telcos in Venezuela seem to be facing a tough competitor in the form of the public company Cantv, whose direct-to-home (DTH) satellite platform gathered a great chunk of the country's new pay-TV subs last year.

According to figures from Cantv and Conatel, Venezuela's telecom authority, pay-TV in the country has grown 16.5% since Q3 2013. Of the 640,000 new subs in the country, Cantv won 260,000, meaning over 40% of pay-TV newcomers are paying for the public satellite platform.

But the numbers are even greater for Cantv in other sectors, as the public telco represented 97% of the total growth in the Internet market between Q3 2013 and Q3 2014, gathering 206,000 out of the 210,000 new Internet subs.

Movilnet, Cantv's mobile operator, is also the strongest player in the field, gathering, by September 2014, 16 million out of 30 million active mobile lines in the country. According to the company, Movilnet has grown by 93% since the telco was nationalised in January 2007.