Liberty Global adds 286k digital cable and loses 5k DTH subscribers in 1Q10

ENGLEWOOD, Colorado — Liberty Global, Inc. (“Liberty Global,” “LGI,” or the “Company”) (NASDAQ: LBTYA, LBTYB and LBTYK), today announces financial and operating results for the first quarter (“Q1”) ended March 31, 2010.

Subscriber Statistics

At March 31, 2010, we served 17.8 million customers on our footprint covering 31.0 million homes. We provided 27.1 million subscription services to our customers, with video, broadband internet and telephony accounting for 63%, 22% and 15% of our total RGUs, respectively. The change in our RGUs from December 31, 2009 to March 31, 2010 includes the addition of 5.7 million RGUs as a result of the Unitymedia Transaction, 204,000 net organic additions, the deconsolidation of 5.9 million J:COM RGUs and the loss of 15,500 RGUs in Chile due to the earthquake.

Of our 204,000 net organic additions in Q1 2010, approximately 96% or 196,000 were generated in Europe, with our Western European and Central and Eastern European operations delivering 174,000 and 22,000 subscriber additions, respectively. Our top performers in the quarter in terms of additions were Germany with 65,000, which is impressive considering that it reflects only two months of activity, the Netherlands with 47,000, Belgium with 31,000 and Poland with 26,000.

From a product perspective, our quarterly organic RGU additions consisted of gains of 168,000 and 152,000 broadband internet and telephony subscribers, respectively, and an organic video subscriber loss of 116,000. As compared to the first quarter of 2009, our broadband internet and telephony organic additions during the first quarter of 2010 increased 37% and 24%, respectively. These additions were driven in part by approximately two months of organic gains in Germany, sales of our “Fiber Power” data products and demand for our bundled offers, including our triple-play “Dream Deal” in the Netherlands. In particular, our Dutch operation carried its momentum from 2009 into Q1 2010, as they reported a combined 61,000 organic broadband internet and telephony quarterly additions versus a gain of 23,000 in Q1 2009. In terms of EuroDOCSIS 3.0, we have the ability to market next-generation broadband speeds to over 12 million homes or over 50% of our European twoway footprint and in particular, we expect that our “Fiber Power” products, as we have seen in the Netherlands, will be an important driver of our overall subscriber growth throughout the remainder of the year.

In the first quarter of 2010, our organic video subscriber loss was 116,000, which compares to an organic loss of 93,000 video subscribers in the respective 2009 prior year period. The increase in video subscriber losses in Q1 2010 was driven largely by our Romanian and to a lesser extent, our Belgian operation. Together, these two operations accounted for approximately 47% or 55,000 of our overall video loss in Q1 2010. On the positive side, our Dutch operation improved significantly year-over-year, recording a loss of only 14,000 video subscribers in Q1 2010, as compared to a loss of 31,000 in Q1 2009.

Once again, digital cable was our strongest product in the quarter, as we reported 286,000 organic additions, including 270,000 in Europe and 17,000 in Chile. Relative to Q1 2009, our Dutch, Irish, and Swiss operations showed the most improvement in terms of organic additions, with our Dutch business posting its second straight quarter of over 40,000 digital cable additions. On a consolidated basis, we finished Q1 2010 with 6.0 million digital cable RGUs and overall digital penetration of 38%, with our Chilean penetration at 61% and our European penetration at 36%. With an analog video base in excess of 9.7 million subscribers, we see a significant growth opportunity, as we look to continue migrating these subscribers to digital. Additional sell-through opportunities exist with respect to our digital video base including enhanced channel packages, DVR, HD and VoD. We ended the first quarter with approximately 35% of our total digital cable base taking a DVR and/or an HD product, as we added over 210,000 DVR and/or HD RGUs (including acquisitions) in the quarter.

Subscribers – March 31, 2010:

                                                                                      Total
                                       Analog      Digital                            Video
                                        Cable        Cable        DTH     MMDS        Homes
                                    ---------  -----------  ---------  -------  -----------
UPC Broadband Division:
 Germany (Unitymedia)               3,108,900    1,414,600          --        --    4,523,500
 The Netherlands                    1,149,600      791,900          --        --    1,941,500
 Switzerland                        1,144,700      397,000          --        --    1,541,700
 Austria                              292,500      241,000          --        --      533,500
 Ireland                              138,500      289,000          --   72,100      499,600
  Total Western Europe              5,834,200    3,133,500          --   72,100    9,039,800
 Hungary                              411,700      185,700    183,500        --      780,900
 Romania                              791,100      245,600    182,600        --    1,219,300
 Poland                               749,100      264,000          --        --    1,013,100
 Czech Republic                       142,800      388,000     99,400        --      630,200
 Slovakia                             166,400       67,400     31,000    3,500      268,300
  Total Central and
  Eastern Europe                    2,261,100    1,150,700    496,500    3,500    3,911,800
   Total UPC Broadband Division     8,095,300    4,284,200    496,500   75,600   12,951,600
    Variance vs  December 31, 2009  2,858,500    1,584,900    (7,100)  (2,600)    4,433,700
    Austria adjustment                      --      (3,200)          --        --      (3,200)
    Unitymedia Acquisition          3,145,000    1,382,200          --        --    4,527,200
     Organic Growth                 (286,500)      205,900    (7,100)  (2,600)     (90,300)
      Excluding Germany             (250,400)      173,500    (7,100)  (2,600)     (86,600)
      Germany                        (36,100)       32,400          --        --      (3,700)

Telenet (Belgium)                   1,252,900    1,065,100          --        --    2,318,000
 Organic Growth                      (88,700)       64,200          --        --     (24,500)

The Americas:
 VTR (Chile)                          349,000      544,500          --        --      893,500
 Puerto Rico                                --       86,000          --        --       86,000
  Total The Americas                  349,000      630,500          --        --      979,500
   Variance vs  December 31, 2009    (21,400)       11,200          --        --     (10,200)
   Chile earthquake adjustment        (2,900)      (4,500)          --        --      (7,400)
    Organic Growth                   (18,500)       15,700          --        --      (2,800)

Austar (Australia)                          --            --    743,800        --      743,800
 Organic Growth                             --            --      2,200        --        2,200

Grand Total                         9,697,200    5,979,800  1,240,300   75,600   16,992,900
 Variance vs  December 31, 2009     2,748,400    1,660,300    (4,900)  (2,600)    4,401,200
 Net Adjustments                    2,891,900    (973,900)          --        --    1,918,000
    Organic Growth                  (393,700)      285,800    (4,900)  (2,600)    (115,400)

Discontinued Operations
 Japan (J:COM)                      (250,200)  (2,348,400)          --        --  (2,598,600)

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