The success of Movistar TV helped Telefónica triple its pay-TV subscriber total in Spain to 2.1 million in the year to March 31.
Its net additions in the first quarter amounted to 255,000, compared to 58,000 a year earlier and churn was at a record low of 0.9%, a reduction of 1.5 percentage points year-on-year.
Meanwhile, Movistar Fusión had 3.9 million customers (+21% year-on-year) and 1.4 million additional mobile lines (+15% year-on-year) at the end of Q1.
As of the end of Q1, 23% of Fusión customers had 100 Mbps fibre (+8 percentage points year-on-year) and 50% IPTV (+33 percentage points year-on-year).
Telefónica, which also has extensive interests in Latin America, had a net profit of €1,802 million in Q1, or 2.6 times the figure a year earlier.
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