Vodafone Spain regards no longer offering football to its customers as a “wise decision”, according to its president Antonio Coimbra.
Commenting on the company’s latest set of results and quoted by El Economista, had added that they reflect the many strategies implemented in the last 12 months and a clear change in a trend.
Specifically, the company’s income reduction fell from 9.3% in the first quarter (March-May) to 8% in the second. It is also worth mentioning that Vodafone’s annual pay-TV costs exceed €330 million, while annual revenues from all other areas are forecast to be below €300 million.
Coimbra revealed that Vodafone had to pay twice as much in football costs as Orange as the figure was calculated on the basis of how many subscribers each company has.
In its latest results Vodafone Spain said that despite no longer showing football, following the inclusion of Amazon Prime Video in its offer in July, and with HBO and Netflix already in its offer, it is now a leading aggregator of movies and series, with over 55,000 titles.
The company gained 26,000 fibre customers in the second quarter, bringing the total to 2,883,000, while the fixed broadband total fell by 5,000 to 3,163,000. Meanwhile, the number of Vodafone TV customers increased by 20,000 in the quarter to 1,307,000.
It his comments, Coimbra also pointed out that the company was the first and only operator so far in Spain to launch 5G and is a market leader in digitisation.
