Pay-TV is significantly growing in Spain with over 6.7 million subscribers in the first quarter, up 10.4 per cent year-on-year (6.09 million last year), according to an update from regulator CNMC.
In the first quarter, pay -TV grew by 6.1 per cent adding 137,000 subs and totalling €556.6 million revenues versus €427.5 million in the case of FTA TV with a 4.8 per cent fall.
IPTV leads the pay-TV market with 4.2 million subscribers, 62 per cent of the market. IPTV gained 670,000 pay-TV subscribers year-on-year versus the drop of 95,000 and 90,000 in satellite and cable TV respectively.
According to CNMC, the convergent packages set new records with almost 6 million customers, out of which 5.6 million enjoy a quintuple package.