Movistar+ preps own line of smart TVs
Juan Fernandez Gonzalez
| 04 September 2015
Looking to expand its convergent business in Spain, Telefónica is investing in extending its fibre-to-the-home (FTTH) network and improving TV services with its own line of subsidised smart TVs.
Luis Miguel Gilpérez, president of Telefónica Spain, unveiled the plans during Santander's telecom summit.
Movistar+ will integrate its interactive set-top boxes (STBs) inside a TV built by Turkey's Vestel. The screens will be ready for the market next year, and Telefónica has indicated there will be large price reductions for pay-TV subscribers.
By 2020, the telco intends to reach 97% of Spain's population with FTTH as well as increasing 4G coverage, following a financial commitment of €1.5 billion, explained Gilpérez.
Before this time, Telefónica aims to make the upload speeds match the download speeds of its 300Mbps network. One of Telefónica's major competitors, Orange, announced last week the country's first symmetrical 300Mbps convergent offer.
2015 has seen Telefónica become the dominant player in the Spanish telecoms market, owning over 70% of the pay-TV market after its buy-out of Canal+, and with large market shares in all telecom sectors.