BMI View: In December 2015, the EC approved the regulator's proposal to open up Telefónica's fibre
network in Spain. Although we welcome this development, we maintain our view that the regulator needs to
strike a balance between encouraging investment in new technolog ..."
BMI View: The latest data from Spain's telecoms regulator, the CNMC, for the end of 2015 show that fibre
continues to grow as the main access technology for broadband internet services. In December 2015, the
EC approved the regulator's proposal to open up Telefónica's ..."
BMI View: The latest data from Spain's telecoms regulator, the CNMC, for the end of 2015 shows that fibre
continues to grow as the main access technology for broadband internet services. In December 2015 the EC
approved the regulator's proposal to open up Telefónica's ..."
BMI View: Operators have made significant investments in fibre, as it becomes the main access technology
over cable. In Q115, Fibre-to-the-home (FTTH) and DOCSIS technology passed over 10mn and 16mn
homes, respectively. We believe regulator CNMC needs to strike a bala ..."
BMI View: With consolidation process reaching a peak, we believe the Spanish telecoms market will
increasingly focus on augmenting bandwidth and broadening service/application propositions as the
surviving operators strive to remain relevant. Organic customer growth o ..."
BMI View: The Spanish market is slowly returning to growth, in line with economic recovery, but over the
long-term BMI believes that the market has passed its saturation point and organic growth opportunities
are limited. However, data services are a bright spot for t ..."
BMI View: Despite three quarters of negative growth Spain the market ended 2014 with marginal growth.
Although sluggish growth was largely due to Vodafone absorbing the MVNO customers of Ono, the market
would have expanded even when excluding this transaction. This po ..."
BMI View: The trend towards consolidation continues apace in Spain, with Telefónica closing a deal for
Digital+, following Vodafone's acquisition of Ono and rumours surrounding Jazztel and Yoigo as possible
targets. The larger players are facing massive investments in ..."
BMI View: Although Spain's mobile market continues to decline, we believe there is still scope for recovery
for operators as 4G services have launched and smartphone ownership remains important. There has been
no indication so far that this has improved ARPUs, but BMI ..."
BMI View: Despite further contractions in the mobile, mobile broadband and fixed broadband market during H113, there were some positive developments that could help to reinvigorate interest in the telecoms industry. Vodafone, Orange and Yoigo launched 4G LTE services between May ..."