Telefónica España adds 49k IPTV subscribers in 4Q09

Friday, February 26th, 2010
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MADRID — Telefónica (Madrid and NYSE: TEF) has released its fourth quarter and full year (January to December) 2009 results.

Pay TV accesses stood at around 2.5 million at the end of 2009, 9.8% up from a year earlier. It is worth mentioning that the Company already offers Pay-TV services in Spain, the Czech Republic, Peru, Chile, Colombia, Brazil, Venezuela and Argentina.

Accesses (thousands):

                          December
          ------------------------
             2009     2008   % Chg
          -------  -------  ------
Pay TV    2,489.2  2,267.5     9.8

Telefónica España (Spain)

During the fourth quarter Pay-TV accesses continued delivering an excellent performance, with net adds of 48,725 (+112.4% year-on-year). After registering 90,486 Pay-TV net adds in 2009, Telefónica finished the year with a total of 702,980 customers (+14.8% year-on-year) and a significant improvement in its estimated market share to around 17%; this market share figure is even more remarkable bearing in mind current Imagenio’s coverage, limited to 60% of Spanish households.

Accesses (thousands):

                  2008                                        2009
             ---------  ------------------------------------------
              December      March       June  September   December  % Chg y-o-y
             ---------  ---------  ---------  ---------  ---------  -----------
Pay TV           612.5      604.8      609.5      654.3      703.0         14.8

Telefónica Latinoamérica

Pay TV customers reached 1.6 million (up 7% year-on-year), with 179,556 accesses added since the start of the year.

Accesses (thousands):

                  2008                                        2009
             ---------  ------------------------------------------
              December      March       June  September   December  % Chg y-o-y
             ---------  ---------  ---------  ---------  ---------  -----------
Pay TV         1,540.5    1,615.1    1,679.4    1,692.9    1,648.6          7.0
  Brazil         472.2      502.4      514.3      508.8      487.2          3.2
  Chile          263.0      262.8      267.6      269.5      285.1          8.4
  Peru           654.5      680.9      703.2      723.4      686.3          4.9
  Colombia       142.3      145.6      143.8      135.9      127.2       (10.6)
  Venezuela        8.5       23.4       50.4       55.4       62.8          n.m.

Telesp (Brazil)

In pay TV, the Company was managing 0.5 million TV accesses at the end of 2009, 3.2% year-on-year increase and net adds of 15,020 accesses in the year.

Telefónica de Argentina

After the agreement reached with DIRECTV and the mass launch of the pay TV service in the third quarter, the number of customers with this service at the end of December totalled 30,000, of whom 82% are migrations from the Dúo service.

Telefónica Chile

In 2009 is noteworthy the positive performance of broadband and pay TV accesses, which increased by 9.3% and 8.4% year-on-year, respectively.

Telefónica del Perú

The broadband business continued to grow and at the end of December 2009 the Company reached 768,046 accesses, up 10.0% year-on-year. Pay TV accesses totalled 686,295.

Telefónica Telecom (Colombia)

Broadband customer growth remained strong and accesses totalled 420,263 at the end of 2009. Pay TV accesses stood at 127,201 at year-end.

Telefónica Venezuela

CapEx in 2009 increased by 45.2% in organic terms from the year before, as a result of improved coverage and the rollout of GSM and 3G networks and the satellite TV service.

Telefonica Europe

Telefónica O2 Czech Republic

Retail Internet broadband accesses showed good growth (+17.0% year-on-year) to reach 683,108. The total number of O2 TV customers reached 137,630 at the end of December, up 20.2% year-on-year.

Accesses (thousands):

                  2008                                        2009
             ---------  ------------------------------------------
              December      March       June  September   December  % Chg y-o-y
             ---------  ---------  ---------  ---------  ---------  -----------
Pay TV           114.5      127.8      132.6      135.9      137.6         20.2

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