Vodafone Spain’s pay-TV business stabilizes | IPTV | News | Rapid TV News
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After two years of strong growth, Vodafone’s pay-TV operation in Spain has slowed a little in the first quarter of 2017.

vodafone tv 17 may 2017The telco has over 1.3 million pay-TV homes, adding 30,000 subscriptions in Q1 2017, but this growth is less than in 2016, when Vodafone gained over 300,000 IPTV and ADSL TV clients.

However, for the fiscal year ending March 2017, Vodafone invoiced over €4.5 billion, 4% more than a year ago. In Q1 2017, the company reached €1.11 billion in income, 3.8% more than in the first quarter of 2016.

“Such pay-TV figures are the result of Vodafone’s bet on improving content and features. To the offer of 120 linear channels and 20,000 video-on-demand (VOD) titles including HBO España and Netflix, we have recently added the best motor competitions, including Moto GP and Formula One, and a comprehensive football package, Vodafone Sport,” said the telco.

Not only has pay-TV contributed to Vodafone’s increase in income, as convergent subscribers have almost doubled in the last 12 months – Vodafone One has over 2.4 million subscribers – with mobile subscribers accounting for 14.4 million, half of which are 4G; and fibre homes have exceeded 2.3 million, 16% more than a year ago.