Latin America leads Telefonica’s pay TV growth

Telefónica ended March with a total of 2.9 million pay TV customers, up 10% year-on-year. The operator saw particularly strong growth both in terms of revenue and subscriber numbers in its Latin American markets. Subscriber numbers were also up in Spain, its home market, as well as in Germany but remained flat in the Czech Republic.

In Spain, the telco ended the first quarter with 786,000 pay TV subs, up 3% year-on-year. Revenues totaled €4,372 million a decrease of 5.6% largely due to reduced customer usage across all of its business units and price pressure that led to a reduction in ARPU across all services.  

In Germany, Telefónica almost doubled its IPTV subscriber base but it still remains low, at 79,000. Overall, Telefónica Germany delivered 14.4% year-on-year revenue growth in the first quarter, totaling €1,228 million. The telco’s pay TV base in Czech Republic was down 8,700 at 129,000 at the end of March.

Telefónica’s Latin American pay TV numbers were up 10.4% to 1,870,900. The telco offers TV services in Brazil, Colombia, Chile, Peru and Venezuela. Its largest market is Peru, where it has 711,000 pay TV subs.

Telefónica’s total consolidated revenues for the first quarter were up 10.8% year-on-year to €15.5 billion.