Tier 1 Pay TV Operators: Telefónica (Movistar) Vodafone Spain Orange Spain MasMovil (Euskaltel) Demographic Information: Households: 17.9 million Pay TV homes: 6.4 million Broadband homes: 16.1million Mobile subscriptions: 47.6 million Overview: Telefónica’s Movistar is Spain’s incumbent triple play operator in pay TV, broadband, and mobile. However, both Telefónica’s pay TV and broadband footprints are being eroded by a mix of market trends and newer entrants into the marketplace. Movistar’s pay TV base peaked at around 4.1 million subscribers in 2018, but has since withered to 3.7 million as of 2021. Its closest competition in pay TV comes from Vodafone Spain, on 1.5 million subscribers and growing steadily, by 220,000 customers from 2017 to 2021. Orange Spain’s pay TV performance has…