TEF O2 CR officially informed that number of IPTV users exceeded 20,000 since the service launch in September 2006.
Our view:
IPTV still attracts new users and in fact there is a waiting list of 2 to 4 weeks to get the service. Company therefore launched also self-installation packages recently. Alternative telco operators are in the process to launch similar services in a short time, however we don’t expect significant decrease in the demand for IPTV. We believe the news to be rather neutral for today’s trading.