Liberty Global reports second quarter results

9 Aug 2007

Liberty Global, a US-based international cable operator, has announced its results for the quarter ended 30 June 2007. Total revenue for the period was USD2.18 billion, up 10% year-on-year, while overall losses fell to USD130 million, compared with USD184 million in Q2 2006. The firm claimed organic revenue-generating unit (RGU) growth of 266,000, ending Q2 2007 with 23.1 million RGUs. These consisted of 159,000 broadband internet additions, 161,000 telephony additions and a loss of 54,000 video subscribers. Geographically, there were 110,000 RGU additions in Japan, 73,000 in Europe, 63,000 in the Americas, and 20,000 in Australia. The loss of 54,000 video subscribers was mainly due to increased competition in Romania and Hungary. Amongst others, Liberty Global has operations in Japan (Jupiter Telecommunications, J-Com), Brazil (TV Cabo), Chile (VTR GlobalCom), Peru (Star GlobalCom), Puerto Rico (Liberty Cablevision) and Australia (Austar United Communications).

United States, Liberty Global (incl. LGI)