Telefonica Loses Spain Broadband Market Share, Expansion Says

Telefonica SA (TEF) now controls less than 50 percent of the Spanish broadband market after losing three points in market share in the past year, Expansion reported, citing data from the country’s telecommunications regulator.

The company is also at risk of falling below a 40 percent market share in mobile services after losing 71,000 clients in October and 78,000 in September, despite applying discounts, the newspaper added.

To contact the reporter on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

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