LATAM, Spain drive Telefónica's pay-TV operations up 53%

DetailsJuan Fernandez Gonzalez | 15 May 2015

Nearing its goal of becoming a global video company, Telefónica has announced its pay-TV unit Movistar TV grew by 53% during Q1 2015, driven by its Latin American and Spanish operations, reaching 5.5 million subs worldwide.

All Telefónica businesses together netted a consolidated revenue of €11,543 million by the end of March and the telco saw a good growth in Spain, Latin American and Brazil driven by an increasing demand for data traffic, especially video.

Although since privatisation, it has maintained a leading position in Spain, the last 12 months have seen a strong consolidation of the company across several sectors. Telefónica now operates the most extensive fibre network in the country, leads pay-TV with Movistar TV and recently closed the purchase of the market's second player, Canal+.

IPTV is driving growth in Brazil and accounts for 80% of new subs in the country. Pay-TV accesses continued to increase (up 23% year-on-year), and Telefónica Brasil has registered net quarterly additions of 20,000 accesses (four times more than in Q1 2014).

Across Latin America, Telefónica has reached 2.5 million subscribers, after adding 104,000 subs during Q1, which made a record net addition for the telco. Although offering pay-TV in Chile, Colombia, Peru and Venezuela, Movistar TV has seen stronger growth in the last two territories, mostly due to an increased HD offer.