Peru drives Telefónica’s growth in pay TV

Telefónica ended the second quarter with 4.8 million pay TV accesses in Latin America, including its operation in Brazil, the largest in term of subscribers. The company highlighted the “excellent performance of this service in Peru, where another record was set for gross additions, driven by the continuous improvement in the content offer.”
In Brazil, total pay TV base declined by 2% to 1.6 million, mainly due to losses in the DTH operation. In that country, the company is focusing its efforts on the deployment of FTTH and IPTV. With this new strategy, IPTV accesses increased by 51% year-on-year, after reporting net additions of 56,000 in the quarter (+106,000 accesses in the first half).
The Hispam Sur division, which includes Pay TV operations in Chile and Peru, recorded 2.2 million accesses, up 9% y-o-y, “as a result of the excellent performance of this service in Peru.”
In the Peruvian market, Telefónica registered 1.5 million accesses, up 13% year-on-year “after reaching net additions of 66,000 in the quarter with record gross adds, leveraged on differentiation (technical solution and exclusive content with wide acceptance of the sports channel) and success of commercial campaigns aimed at the migration from 2 play to 3 play”. In turn, in Chile, Pay TV accesses grew by 1.4% year-on-year to 679,200.
The Hispam Norte unit, which includes Colombia, registered 1 million pay TV accesses (+5% y-o-y). In Colombia, accesses grew by 6.5% year-on-year to 563,800, with 17,000 net additions in the quarter. The rest of the subscribers of Hispam Norte belong to the operations in Venezuela and Central America.