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Slideshow Follow Reuters Facebook Twitter RSS YouTube Read War looms over Gaza as death toll rises | 10:49am EST Israel hammers Hamas in Gaza offensive | 14 Nov 2012 China names conservative, older leadership | 10:30am EST Petraeus mistress had substantial classified data on computer: sources | 14 Nov 2012 Special Report: How a vicious circle of self-interest sank a California city 13 Nov 2012 Discussed 170 Obama plans ”fiscal cliff” statement as showdown looms 157 Top Hamas commander killed in Israeli airstrike 114 Republicans say deal can be done on ”fiscal cliff” Sponsored Links Telefonica launches Microsoft video platform Tweet Share this Email Print Related News Vivendi wants at least 7 bln euros for GVT: sources Wed, Nov 7 2012 UPDATE 3-Telefonica considers Latin American IPO to cut debt Wed, Nov 7 2012 Analysis & Opinion Magazines vs digital startups Why keep Newsweek on life support? Related Topics Tech » MADRID | Thu Nov 15, 2012 8:04am EST MADRID (Reuters) - Telefonica is to create a video platform with Microsoft, as part of the Spanish telecoms group's ongoing push into digital services. The new platform will enable services such as timeshifting and multiscreen across Telefonica's video services, and first deployments will be in Brazil, Chile and Spain, Telefonica said on Thursday. The company, battling recession in Spain and debt of over 50 billion euros ($64 billion), has put its faith in digital services. It expects London-based Telefonica Digital to generate revenue of 5 billion euros by 2015. "It allows us to meet customer demands for access to video content on an ever-expanding range of devices," Telefonica Digital's director of digital services, Vivek Dev, said. Telefonica expects to extend television services based on the new platform to businesses in other countries over the next few years. Latin America now accounts for more of the company's revenue than Europe and Telefonica is focused on making money from the region as Spain drags on the business. (Reporting by Clare Kane; Editing by Dan Lalor) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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