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Telefónica plans European OTT platform to monetize portfolio

Telefónica SA is looking to roll out an online streaming platform for European markets, such as Germany and the U.K., Broadband TV News reported, citing El Pais.

According to sources, the company plans to distribute self-produced content to customers in European countries outside Spain, which do not have access to Movistar+.

The service would include content produced by Telefónica subsidiaries in Latin America, but would not be available in Latin America itself.

The platform is expected to be similar to Netflix Inc., HBO or Sky plc's subscription services that offers an à la carte option.