From David Del Valle in MadridSatellite beats cable and IPTV in the pay-TV distribution in Spain. A report from ONTSI, Spanish telco Observatory reveals that 48.9% of Spanish homes have access to pay-TV services through satellite with more than 2 million subscribers. Pay-TV cable distribution represents 36.2% of all pay-TV consumers, with ONO taking the lead with more than 1 million TV subs. IPTV reaches 13.6% of homes, with Imagenio leading the market with currently almost 600,000 subscribers. One in every four homes have pay-TV in the country with the highest penetration, 31%, in Madrid.