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Latin America leads Telefónica pay-TV growth

Spanish telco Telefónica had 2.3 million pay-TV customers globally at the end of March, up 25% year-on-year, driven by Latin America where it has over 1.6 million TV customers. The company has pay-TV operations in Spain, the Czech Republic, Peru, Chile, Colombia, Brazil and Venezuela.

Telefónica’s domestic fixed-line revenues were flat year-on-year, while OIBDA fell by 3.8% to €1.463bn. Telefónica said its share of the Spanish pay-TV market remained steady at 14%.