Spanish pay-TV: Subs up, revenues down

The Spanish pay-TV market is gaining subscribers but losing revenue. The pay-TV market reached 4.76 million subs, up 23.32 per cent, but with lower revenue, down 6.98 per cent to €401.3 million, in the third quarter of 2014, according to the latest report from the watchdog CNMC.

IPTV, especially Telefónica’s IPTV service Movistar TV, took

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