Telefonica’s Movistar + Focuses on High-Value Clients in Content Drive

Telefonica shares rose 3.3% to €7.6 in early morning trading on July 26 as the telecom delivered a solid set of second quarter results across business, core territories and key metrics, with revenues at €12.1 billion ($14,.25 billion),a drop of 6.3% due to foreign exchange markets, but up 2% in organic terms.That growth includes pay TV in Spain, where Telefonica, via pay TV division Movistar, + added 7,600 customers from March through June, according to IHS Markit. That compares to 51,200 net pay TV additions same period 2017. Customers for Fusion, a Movistar +’s mobile-fiber-TV offer launched in 2015, are also up by 38,000. Again, that’s down on 2Q 2017, where Movistar + scored 101,000 net extra clients.