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Growth in IPTV market in Spain
According to a new report published by researchers at Spain’s Ministry of Industry, Tourism and Commerce, the IPTV market in Spain is expanding, and boosting growth of the overall pay-TV market in the country.
Pay-TV has attracted 275,000 new subscribers in Spain over the last year. The total number of subscribers is now 3.5 million, with a penetration rate of 22.3%. IPTV subscribers account for 10% of pay-TV subscribers in the country, compared to 3.7% a year ago.
Cable and satellite pay-TV have experienced low growth during the same period.
Net spending on pay-TV services reached €190mn in the first quarter of this year.
Telefónica’s Imagenio IPTV service accounted for a large part of the growth of IPTV in Spain, and has 450,000 subscribers.
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