Since Telefónica rebranded itself a video-telco, its pay-TV and video operations haven't stopped growing worldwide, with Colombia and Peru becoming the company's powerhouse in 2015.

But in Latin America, where Telefónica is still far off the largest video players, the telco's pay-TV operations reached 4.6 million subs, 16% more than by December 2015, fuelled by Peru and Colombia.
In Peru, Telefónica has found its brightest spot in Latin America. As of December 2015, pay-TV subs stood at 1.2 million customers at the end of the year (+27% year-on-year). In fact, the telco is a clearly dominant player, owning over 65% of the pay-TV market according to official figures.
In Colombia, César Alierta's company reached 489,000 pay-TV accesses, growing by 17% and consolidating as fourth player following América Móvil's Claro, UNE-Tigo and DirecTV.
Telefónica has also seen growth in Chile's pay-TV market (645,000 subs, 7% up) and Brazil's, where it owns 1.8 million subs after integrating GVT earlier this year.
On a global scale, Telefónica's net profit increased nearly 30% year-on-year, and excluding non-recurring impacts, reached €5,79 billion.