Sunday, 21 May 2017 17:16

Colombia, Chile boost Telefónica in LATAM

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While Brazil, Telefónica’s leading Latin American pay-TV market, continues to weaken, its second-line markets are strengthening the operator’s regional position.

According to the telco’s local financial reports, Movistar TV delivered growth in Colombia and Chile during Q1 2017, driving increased incomes for both operations.

With no rival and a stable future in Peru, and its troubled Brazilian operation being affected by the country’s financial crisis, the Spanish telco has found the best news with its pay-TV segments in LATAM’s fourth and fifth most developed markets.

In Colombia, pay-TV households increased by 5.7% during the period, accounting for 525,000 by the end of the quarter and driving fixed income to reach €145 million. Pay-TV net additions have also contributed to the almost half a million new clients gained by the telco in the period.

“The first quarter results are due to the plan deployed last year aimed at strengthening our operation through simpler offerings, digital services and stronger networks,” said Alfonso Gómez Palacio, CEO, Telefónica Colombia.

In Chile Movistar TV’s accesses grew by 1.7% during Q1 2017, mostly through its IPTV operation, reinforcing the company’s position as the country’s second largest pay-TV operator with almost 700,000 subscribers.

However, such growth was not enough to offset the decline in other fixed services (such as voice and business clients). Fixed business income in Chile decreased by 1.7% in the period to €264 million.

Read 452 times Last modified on Monday, 22 May 2017 11:56

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