The Spanish broadband market is experiencing a deep crisis and its near future looks bleak.
The latest report from watchdog CMT reveals that broadband revenues are in free fall with a drop of 7.2 per cent to €35.2 billion in 2012. Only mobile broadband achieved to weather the storm with a rise of 29 per cent in total revenue to €2.8 billion.
More than 352,000 people signed up for new fixed broadband connections last year, but the sector’s total revenue dropped by 4.6 per cent to €3.7 billion, the regulator said.
Expenditure on double play packages (broadband and voice), with 7.7 million subscribers, fell by 6.9 per cent in 2012 to a monthly average of €35 a month.
The number of quad and quintuple subscriptions at year’s end stood at over 1.2 million.
The number of homes with access to DOCSIS 3.0 exceeded 9.6 million, while and 3.2 million had access to FTHH. Of these, 336,719 were active, almost double the number in 2011.