From David Del Valle in Madrid
The booming IPTV market is boosting the growth of the pay-TV in Spain. Over the last year, pay-TV captured 275,000 new clients up to a total of 3.5 million pay-TV subscribers in the country, with a penetration rate of 22.3 per cent, according to the latest report produced by Red.es.
The increasing popularity of IPTV services boosts the pay-TV market with Telefonica’s pay-TV service Imagenio taking the lion’s share with now more than 450,000 subscribers. According to Red.es, pay-TV through ADSL has grown from 3.7 per cent to 10 per cent in a year, whereas cable and satellite pay-TV have experienced low growth, in fact in the first quarter of 2007 the net spending on pay-TV was E190 million, the same amount as the same period in 2005.