Telefonica 1Q08 IPTV Update

554k IPTV subscribers as of end 1Q08. Added 43k subscribers during 1Q08

IPTV penetration rate is 11.46% of the broadband subscribers

Telefonica also has over 1.2 million pay TV subscribers in Latin America. Majority are non-IPTV subscribers. In Czech Repulic I think all the 87k pay TV subs are on IPTV