Liberty Global jumps

9 Nov 2006

The international cable networks group Liberty Global International (LGI) has reported a 47% jump in third-quarter revenues to USD1.62 billion, with sales pushed by acquisitions of new operators such as Cablecom in Switzerland. The group’s continued network expansions meant capital expenditures were up 39% to USD329 million, leading to a wider net loss of USD173 million. LGI added 414,000 ‘revenue-generating units’ (RGUs) during the three months to the end of September, taking the total number of RGUs to 18.25 million. The company signed 186,000 new broadband internet subscribers through organic growth, but the sale of its operations in France meant total internet user numbers actually fell slightly over the quarter to 3.4 million. Its telephony operations, meanwhile, had 2.52 million customers at the end of September. Average monthly revenue per user at LGI’s European subsidiary UPC was up 7.7% year-on-year to USD20.29. The LGI group operates across Europe under the UPC brand, in Asia under the names Austar, Jupiter and J-Com, and in Latin America as VTR and Liberty.

Liberty Global (incl. LGI)