Liberty losses widen

27 Feb 2008

US-based international cable TV group Liberty Global has reported a net loss of USD197.2 million in the fourth quarter of 2007, compared to a loss of USD31.2 million a year earlier due to higher interest and tax expenses. Revenues for the quarter jumped 38% from USD1.78 billion to USD2.46 billion. Net income for the full year fell from a profit of USD706.2 million in 2006 to a loss of USD422.6 million last year, while annual revenues rose from USD6.48 billion to USD9 billion. The group claimed 24 million revenue generating units (RGUs) at end-2007, including 5.38 million high speed internet customers and 3.92 million telephony users. Liberty’s international operations include UPC in Europe, J:Com in Japan and Austar of Australia.

Liberty Global (incl. LGI)