Telefónica had 8.422 million pay TV customers at the end of June, up 4.9% year-on-year and up from 8.365 million in March. Overall, pay TV customers now represent 49% of total fixed broadband customers. The total pay TV figure includes about 4.5 million satellite customers.
Pay TV customers in Spain numbered 3.755 million, up 4.4%, with a smaller rise in the number of fixed broadband customers and a decline in mobile customers. Movistar Fusión converged customers represent 77% of TV customers. Satellite customers accounted for 750,000 of the TV total.
In Latin America, pay TV numbers were up by 10%. In Brazil, TV customers grew by 19% to 1.8 million.
The growth in TV came as Telefónica posted a net profit of €1.24 billion, down 42.1%, on revenues of €25.235 billion, down 7.1%, for the first half. The sharp decline in profitability, largely as a result of the weakness of the Brazilian, Argentinian and UK currencies, compounded by concerns about the company’s debt, led to a sharp fall in Telefónica’s shares.
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