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Telefónica loses 50k Spanish TV subs

Spain’s largest telco continues to lose pay-TV customers in its domestic market at a worrying rate, with 50k leaving in the first quarter of this year alone to reach 659k, although its Latin American operations helped partially rebalance these losses.

Across Europe as a whole, Telefónica saw its pay-TV customer base shrink 17% in the first quarter of this year on an annual basis to reach 852k, while fixed broadband accesses remained stable at 9.5mn.

The telco has just launched a new version of its Spanish IPTV service, which it is calling ‘Movistar TV’, featuring a more innovative and user-friendly interface and expanded content lineup, along with TV Everywhere features.

In Latin America, pay-TV accesses reached 2.5mn by March 2013, up 7% year-on-year, with 25k new customers added in the quarter.

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