Telefonica posts Q1 IPTV, net income gains

Spain's Telefoncia reported a 22.4 percent increase in first quarter net income to $2.38 billion, and posted a big rise in IPTV subscribers. The telco landed 43,000 new IPTV customers in the first quarter, giving it a total of 554,045. The IPTV penetration rate among the company's existing broadband customers is now more than 11 percent. Telefonica also saw revenue rise just over 1 percent to $21.5 billion.

For more:
- see this story at Light Reading Europe

Suggested Articles

In order to help fuel its fiber ambitions in the Midwest, Everstream announced it has secured $342.5 million in debt financing from nine banks.

The winds of changes swept through IBM on Monday as the company named Howard Boville as the new head of its cloud business.

As Frontier Communications charts a course to a bankruptcy filing next week, the company regrets not spending more on fiber network upgrades.