Telefónica nearly doubled its pay-TV subscriber base in its home market in the year to June 30.
Latest results published by the company show that it ended the second quarter with 2.2 million customer, or 1.8 times more than at the same time last year. Meanwhile, Movistar Fusión had 3.9 million customers as of the end of June, and of these 52% had signed up for pay-TV services, a 25 percentage points increase year-on-year.
Telefónica as a whole saw its net profit double year-on-year to €3,693 million in the first half of 2015. It has also raised its revenue growth guidance for the full year to over 9.5% from a previous 7%+.
Separately, El Pais reports that Telefónica has sold the rights to La Liga and Copa del Rey to Vodafone and Orange for a combined total believed to be around €100 million. The rights do not include the Champions League, which have been secured by Mediapro.