Sales up at LGI

15 Mar 2006

International broadband cable operator Liberty Global Inc has reported a 28% rise in pro forma revenues in 2005 to USD5.15 billion, having added 1.25 million new customers during the year. Net losses increased from USD14 million in 2004 to USD84 million last year due mainly to higher interest expenses and foreign currency transactions. The firm had networks passing almost 30.5 million homes at the end of 2005, with 15.1 million customer relationships, some of which represent more than one service. In total it claimed 14.2 million TV subscribers, 3.2 million broadband internet users, and 2.2 million telephony customers at the end of December. Liberty Global operates in Europe, Asia and Latin America via subsidiaries which include UPC, chello, J:Com and VTR GlobalCom.