FTTx accesses were multiplied 1.7 times in the first quarter of the year, compared to the same period in 2018. They reached 495,000, of which 421,000 are FTTH. The building units (Spanish: UUIIs) passed with FTTx reached 2.3 million, of which 78% are FTTH. At the same time, broadband retail accesses (1.5 million) decreased by 9%, in line with the trend shown in the last year. In sales volume, fixed business (€ 202 million) grew 54.1% year-on-year as a result of fiber growth and inflation.

The recent pay television business (pay service launched in October 2018 and OTT Movistar Play modality in March 2019) got revenues of € 2 million (1% of the fixed services business) but doubled the number of subscribers in three months, after going from 30,400 in December 2018 to 59,200 at the end of March.

Telefónica had an income of € 543 million in the country between January and March. The figure supposes an increase of 4% in organic terms and it is explained, partly, by the adjustment of prices derived from the inflationary context. The company clarified in its balance sheet that "the results are affected by the accounting consideration of Argentina as a hyperinflationary economy, negatively impacting the reported revenues of the first quarter by € 35 million, OIBDA by in € 21 million and Capex by € 6 million".

Mobile accesses (18.4 million) dicreased 2% year-on-year, due to the drop in prepaid subscriptions (-5%). Postpaid customers increased by 1% and M2M lines by 17% in one year to reach 717,000. In organic terms, the growth of revenues from mobile services (+33.1%) was lower than the variation in revenues from fixed services (+40%). Of the € 292 million generated by the consumer voice, data and other mobile services business, 79% are data, although the Smartphones base remains constant, at around 51% of the lines.