Telefonica Q1 profits up, 2.6m pay-TV customers -
Telefonica has reported its first quarter net profit rose 2 per cent to E1.65 billion as revenue increased in Europe and Latin America. Overall revenue rose 1.7 per cent to E13.93 billion from E13.69 billion.
The Spanish telco reported a total of 2.6 million customers worldwide for its pay-TV services by the end of the first quarter of this year, up 9.3 per cent year-on-year. The telco added 30,000 new pay-TV customers in Spain, bringing the total to 733,000 subscribers, and also added 102,000 broadband customers during the period, describing the combined gains as an "excellent evolution" which helped to reverse the net losses seen in the last quarter of 2009.
Telefónica also reported 1.7 millon pay-TV customers in Latin America, up 4.9 per cent year-on-year, including 470,000 pay-TV customers in Brazil. Telefónica O2 Czech Republic reached 138,000 customers for its IPTV service 'O2 TV', up 7.8 per cent year-on-year.