Spain’s Telefonica breaks subs record
Telefonica is on track to reach its target of 1.5 million pay-TV subs in 2014. The company reached 1.4 million subscribers to its pay-TV service Movistar TV at the end of July, after signing up 200,000 clients in a single month.
The company has doubled the number of subscribers in a year thanks to its new Movistar Fusion offer which includes pay-TV, mobile and fixed telephony and mobile and fixed Internet access at high speed. In the second quarter of the year, Telefonica added nearly 350,000 pay-TV subscribers with the Fusion service reaching a total of 3.4 million subs, up 55 per cent year-on-year.
Telefonica is now the second largest pay-TV operator in the market ahead of cable company ONO and will be the number one once the acquisition of Canal Plus (with 1.6 million subscribers) is completed and approved by the Competition Authorities.
On FTTH, Telefonica has passed 7.4 million households adding 1.3 million in the first half of the year with plans to reach 10 million at the end of 2014.