Telefonica adds 43,000 IPTV subs

Spain's Telefoncia acquired 43,000 new IPTV subscribers during the first quarter of 2008, and increased its IPTV penetration rate among its existing broadband customers to more than 11 percent, from just over 10 percent this time last year. Telefonica's impressive IPTV additions cam amid reports of strong subscriber gains by other European carriers, such as France Telecom, Deutsche Telekom and Belgacom.

The IPTV numbers helped Telefonica to a 22.4 percent increase in first quarter net income to $2.38 billion. Telefonica also saw revenue rise just over 1 percent to $21.5 billion.

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