Movistar Plus nears 4m subs
October 27, 2016
From David Del Valle in Madrid
Telefónica’s pay-TV platform Movistar Plus reached 3.76 million subscribers (including 678,000 satellite subscribers from the former Digital Plus) as of June 30th, up 4 per cent year-on-year, albeit 44,000 customers fewer than the previous quarter.
The company said that the reasons behind the Q3 loss are: higher prices in the basic offers; the start of La Liga in September and the migration of 54,000 subscribers from satellite (the former Digital Plus) to IPTV distribution (with a net gain of 10,000).
Broadband subscribers grew by 2 per cent year-on-year with a net quarter gain of 15,000 connections. Its fibre optic network is covering 16.4 million homes in September, up 700,000 against June.
The package Movistar Fusion has 4.3 million subscribers, up 7 per cent year-on-year, with 35 per cent of its Fusión clients enjoying ultra-rapid fibre and 68 per cent having pay-TV. ARPU in Fusión is €81.8, up 10.8 per cent year-on-year.