Telefonica 2Q08 IPTV Update

• 576k IPTV subscribers as of end 2Q08. Added 22k subscribers during 2Q08.

• Telefonica also has over 1.4 million pay TV subscribers in Latin America. Majority are non-IPTV subscribers. In Czech Repulic I think all the 97.9k pay TV subs are on IPTV.