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General

Telefonica prepares Netflix-style streaming service - report

Tuesday 10 June 2014 | 09:51 CET | News
Telefonica is making final preparations to launch a Netflix-style video streaming service for movies and television series, according to an unnamed source cited by Reuters. Although the company already has 730,000 pay-TV customers, its recent acquisition of Spanish pay-TV platform Digital+ brings with it a further 1.6 million subscribers to pay-TV channel Canal+, giving Telefonica control of close to 60 percent of the pay-TV business in Spain. The company is also looking to persuade a large number of customers to migrate to its fibre optic network, having recently reiterated its target of

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Categories: General
Companies: Digital+ / Netflix / Telefonica
Countries: Spain
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