Telefónica’s pay TV growing in Peru, Colombia and Chile

Telefónica presented its financial statement for Q1 2017 in which it reported 4.6 million pay TV accesses in Latin America, down 0.7% compared to the previous year, due to the loss of subscribers in Brazil. However, pay TV base exhibited a “solid growth in all countries” of Hispanoamérica region, except in Venezuela.

Brazil is Telefónica’s largest operation in terms of number of subscribers. At the end of Q117 the company reported 1.66 million pay TV accesses in the country, down 7% compared to Q116 due to the loss of subscribers in the DTH service. However, its IPTV operation grew 57.1% in the same period.

In Hispanoamérica division (which includes the rest of the countries of Latam) the pay TV base grew 3.2% compared to previous year and reached 2.9 million.

In Peru, Telefónica registered 1.3 million accesses (+ 5.5%), with net additions of 22,000 accesses in January-March, supported by the “Completa tu Trio” campaign (which adds TV service to FBB duo package customers).

In Chile, the company reached 656,800 access (+1.7%). However, there were net losses of 4,000 in the quarter, “linked mainly to the change in installation providers which led to a slowdown in TV and broadband commercial activity”.

In Colombia, the pay TV base grew 5.7% to 525,600 accesses, with net additions of 8,000 accesses in the quarter. In Venezuela, however, the service decreased 3.3% and ended the period with 462,600 accesses.