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Telefonica reports 2.5m pay-TV subs

Telefónica had 2.5 million TV customers in Spain at the end of September, up 275,000 quarter-on-quarter and up 1.6 million compared with the same period last year.

The company’s Movistar Fusión bundled offering had four million customers at the end of the period, accounting for close to 90 per cent of gross additions for the period. The offering accounted for over half of new Movistar customers in the period. Some 58 per cent of Movistar Fusión customers take pay-TV, including 120,000 satellite TV customers.

Revenue from the Spanish operation grew for the first time since the third quarter of 2008, rising 0.2 per cent year-on-year to €2.998 billion. However, OIBDA fell by 2.9 per cent to €1.335 billion thanks to costs related to TV programming.

Pay-TV in Latin America also grew. Telefónica Brasil saw its TV base grow by 19 per cent year-on-year to 1.8 million, while Spanish-speaking America saw pay-TV subscribers rise 17 per cent year-on-year.

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