Spanish telecoms giant Telefónica is seeing a decline in pay-TV subscribers in its home market, with the number falling from 833,000 at the end of 2011 to 760,000 at the end of September, even as it enjoys success abroad.
Its pay-TV operations in Latin America continued their irresistible progress meanwhile, passing 2.4mn customers in Latin America (up 7% year-on-year), with Brazil contributing 619,000, Chile 408,000, Peru 885,000, and Colombia 272,000.
In Brazil, its subsidiary Vivo confirmed last month that it has already started testing a new IPTV service called ‘Vivo TV Fibra’ in São Paulo, which will initially be available to around half million homes in the city, with prices starting at BRL 75 (US$ 37) per month.
Equally, in Chile the company is reported by local media to be preparing to launch an IPTV service which will feature cloud-based gaming services developed in partnership with Microsoft.
Telefónica Czech Republic meanwhile had reached 140,000 customers for its IPTV service ‘O2 TV’ at the end of September 2012, up 7% year-on-year.
Telefónica posted a global net profit of €3.455bn for the first nine months of this year (up 26% annually) and reports that it is now well on its way to becoming a “Digital Telco” with major milestones passed including the launch of a convergent offer in Spain, the new IPTV platform in Brazil and the development of new machine to machine (M2M) services.
Total revenues across all operations and markets for the first nine months of this year remained stable on an annual comparison to reach €46.519bn, with Latin America accounting for 49% of this total turnover.