Liberty Global adds 1 million digital cable customers in 2011

Wednesday, February 22nd, 2012 
Liberty Global logo

ENGLEWOOD, Colorado — Liberty Global, Inc. (“Liberty Global,” “LGI,” or the “Company”) (NASDAQ: LBTYA, LBTYB and LBTYK), today announces financial and operating results for the year and the three months (“Q4”) ended December 31, 2011.

Subscriber Statistics

At December 31, 2011, we provided a total of 32.8 million subscription services (RGUs), consisting of 18.4 million video, 8.2 million broadband internet and 6.2 million telephony RGUs, to our 19.5 million unique customers. In 2011, we grew our RGU base by 21% or 5.8 million RGUs, including 4.6 million RGUs from acquisitions, primarily KBW in Germany and Aster in Poland, and 1.2 million RGUs from organic growth. Including acquisitions, our bundled customer base increased 27% to 8.1 million over the last twelve months, resulting in 41% of our customers subscribing to multiple services. As a result of our marketing emphasis, 84% of the increase in bundled customers was attributable to growth in our triple-play subscriptions.

In terms of our video business, we lost 307,000 customers in 2011, an 18% improvement compared to our video losses in the prior year. During the year, we continued to focus on upselling our analog video customers to digital, as we added 282,000 and 1.0 million digital cable subscribers for the three months and year ended December 31, 2011, respectively. We finished 2011 with a digital cable base of 8.2 million RGUs and digital penetration11 of 46%, up modestly from 44% at year-end 2010, due largely to the inclusion of the lower digital penetration of KBW, which was only 11% at the date of acquisition. Our continued emphasis on HD and DVR services12 has been an important factor in driving both digital penetration and video ARPU, and in 2011, we added an aggregate 1.1 million HD and/or DVR subscribers, expanding the penetration of our digital cable base to approximately 50%.

Consolidated Operating Data – December 31, 2011:

                                                                                      Total
                                       Analog      Digital                            Video
                                        Cable        Cable        DTH     MMDS        Homes
                                    ---------  -----------  ---------  -------  -----------
UPC Broadband Division:                                          
 Germany                            4,768,600    1,983,800          --        --    6,752,400
 The Netherlands                      808,000    1,010,200          --        --    1,818,200
 Switzerland                          917,400      570,000          --        --    1,487,400
 Austria                              208,800      302,100          --        --      510,900
 Ireland                               82,400      331,400          --   55,000      468,800
  Total Western Europe              6,785,200    4,197,500          --   55,000   11,037,700
 Hungary                              323,100      290,300    219,300        --      832,700
 Romania                              508,200      351,700    282,800        --    1,142,700
 Poland                               727,300      626,100          --        --    1,353,400
 Czech Republic                        81,800      421,600     81,400        --      584,800
 Slovakia                             102,400      109,400     46,700      800      259,300
  Total Central & Eastern Europe    1,742,800    1,799,100    630,200      800    4,172,900
   Total UPC Broadband Division     8,528,000    5,996,600    630,200   55,800   15,210,600
                                           
Telenet (Belgium)                     789,000    1,409,500          --        --    2,198,500
                                           
The Americas:                                          
 VTR (Chile)                          214,600      702,700         --         --      917,300
 Puerto Rico                                --       79,100         --         --       79,100
  Total The Americas                  214,600      781,800         --         --      996,400

                                    ---------  -----------  ---------  -------  -----------                                 
Total (continuing operations)       9,531,600    8,187,900   630,200    55,800   18,405,500

Austar, has been reclassified to discontinued operations

Subscriber Variance – Video – December 31, 2011 vs. September 30, 2011:

                                                                                      Total
                                       Analog      Digital                            Video
                                        Cable        Cable        DTH     MMDS        Homes
                                    ---------  -----------  ---------  -------  -----------
                              
UPC Broadband Division:                                          
 Germany                            1,995,800      295,100          --        --    2,290,900
 The Netherlands                     (55,500)       36,600          --        --     (18,900)
 Switzerland                         (64,700)       35,500          --        --     (29,200)
 Austria                             (14,900)       13,800          --        --      (1,100)
 Ireland                              (5,600)        3,300          --  (2,200)      (4,500)
  Total Western Europe              1,855,100      384,300          --  (2,200)    2,237,200
 Hungary                              (8,600)        2,800     12,100        --        6,300
 Romania                             (29,900)       23,100     27,300        --       20,500
 Poland                              (47,500)       41,500          --        --      (6,000)
 Czech Republic                       (5,300)        6,900      1,800        --        3,400
 Slovakia                             (8,900)        6,900      2,800    (100)          700
  Total Central & Eastern Europe    (100,200)       81,200     44,000    (100)       24,900
   Total UPC Broadband Division     1,754,900      465,500     44,000  (2,300)    2,262,100
                                           
Telenet (Belgium)                    (64,300)       48,700          --        --     (15,600)
                                           
The Americas:                                          
 VTR (Chile)                         (15,800)       13,200          --        --      (2,600)
 Puerto Rico                               --         (800)          --        --        (800)
  Total The Americas                 (15,800)       12,400          --        --      (3,400) 
                                           
Total Continuing Operations         1,674,800      526,600     44,000  (2,300)    2,243,100
                                      
ORGANIC CHANGE SUMMARY:  
                                        
UPC Broadband Division
 (excluding Germany)                (240,900)      170,400     44,000  (2,300)     (28,800)
Germany                              (81,700)       50,100          --        --     (31,600)
 Total UPC Broadband Division       (322,600)      220,500     44,000  (2,300)     (60,400)
Telenet (Belgium)                    (64,300)       48,700          --        --     (15,600)
The Americas                         (15,800)       12,400          --        --      (3,400)
  Total Organic Change              (402,700)      281,600     44,000  (2,300)     (79,400)
                        
ADJUSTMENTS:
                                    
Q4 2011 Acquisitions
  KBW (Germany)                     2,077,500      245,000          --        --    2,322,500

                                    ---------  -----------  ---------  -------  -----------                                        
Net Adds (Reductions)
 from Continuing Operations         1,674,800      526,600     44,000  (2,300)    2,243,100