This document summarizes IPTV subscriber forecasts and growth trends globally and in several key regions from 2005-2010. The EMEA region is projected to be the largest overall, while France is expected to be the fastest growing individual market. Italy is also expected to grow but remain smaller than France, and Spain and Hong Kong got off to fast starts in IPTV adoption driven by major providers in each country.

1. IPTV Data

2. Global forecasts – 35 million subscribers with EMEA the dominant region 2005 2006 2007 2008 2009 2010 EMEA North America AsiaPac 0 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000 5,000,000 Source: Diffusion Group / Enders Analysis

3. France is likely to be the fastest growing market Source: Diffusion Group / Enders Analysis 1,50 5,30 2011f 4,40 2010f 3,60 2009f 2008f 2,80 2007f 2,00 2006 5,30 IPTV Subscribers France (million) – Leading players FT, Free, Neuf

4. Italy is likely to grow but still remain smaller than the French market Source: Diffusion Group / Enders Analysis 200,00 1.500,00 2010f 1.000,00 2009f 2008f 800,00 2007f 400,00 2006 5,30 IPTV Subscribers Italy(‘000s) – Leading players Fastweb, Telecom Italia

5. Spain has got off to a fast start with Telefonica signing up 383,000 customers in 2006 Source: Telefonica / Enders Analysis 5,30

6. Hong Kong is dominates IPTV forecasts for Asia Pac Source: PCCW/ Diffusion Group / Enders Analysis 800,00 4.440,00 2010f 3.053,00 2009f 2008f 2.200,00 2007f 1.540,00 2006 5,30 IPTV Subscribers Hong Kong (000s) – Leading player PCCW (Now.Tv)