“We intend to launch a simple and affordable OTT service in Spain, the Eurozone’s fourth largest economy and the market which has the largest free-to-air (FTA) headroom in Europe outside of our existing footprint,” CEO Jeremy Darroch confirmed to analysts Thursday.
The move comes as Sky plans to roll out a satellite-free version of its Sky Q box to Italy, Germany and Austria.
The Sky Q box is now in 1 million UK homes with 22 per cent of new subscribers opting for the £12 monthly fee that brings additional multiscreen functionality.
280,000 new customers were added in the UK, including 35,000 in Q4, with a further 1.6 million products sold.
Germany added 365,000 new customers, including 61,000 in Q4, with total product growth of 732,000.
Italy brought in an additional 41,000.
Sky is creating another 300 new technology roles as the operators looks to both in and out of home streaming platforms.
But operating profit was down by £97 million at £1,468 million as Sky deals with the £629 million cost of its vital Premier League contract.
The UK market saw the greatest pressure and a 14 per cent decline in profit against a mammoth 900 per cent growth in Germany and Austria.