Spain: Orange grows revenues at Vodafone’s expense
July 16, 2019
From David Del Valle in Madrid
Vodafone’s decision to no longer show La Liga and Champions League football in Spain has seen Orange increase its TV revenues by 40 per cent.
According to business newspaper El Economista with data from CNMC, Orange saw its TV revenues grow by 40 per cent from €40.05 million to €67.49 million, in the second half of 2018. Meanwhile, Vodafone’s revenues in the same period decreased by 24 per cent to €90.28 million, versus the €119.24 million posted the corresponding period a year earlier.
However, Telefónica was barely affected by Vodafone’s decision, with revenues of €843 million being only 1.2 per cent lower than a year earlier.
CNMC data reveals that the number of pay-TV subscribers in Spain grew by 3.1 per cent year-on-year to 6.9 million in 2018, with 6.3 million of the total opting for bundled offers.
Pay-TV revenues, though, fell by 1.6 per cent year-on-year to €521 million.