Telefónica reportedly fancies launching its own video streaming service

A report from Spain asserts that telco group Telefónica is looking at expanding the distribution of its Movistar+ pay-TV platform to other European countries.
The scoop comes courtesy of Spanish broadsheet El Pais, which says Telefónica wants to convert Movistar+ into a Netflix-style streaming service that it can offer thought the standard online streaming model. The report claims that the plans are restricted to other European markets for now, as opposed to Latin America where Tel