UPC adds over 400,000 DVR cable RGUs in the last twelve months

ENGLEWOOD, Colorado — Liberty Global, Inc. (“Liberty Global,” “LGI,” or the “Company”) (NASDAQ: LBTYA, LBTYB and LBTYK), today announces financial and operating results for the third quarter (“Q”) ended September 30, 2009.

Subscriber Statistics

Our base of 26.8 million RGUs consists of 15.2 million video, 6.5 million broadband internet and 5.1 million telephony subscribers at September 30, 2009. We have increased our RGUs by 2.0 million or 8% since September 30, 2008, as a result of both organic and acquisition activity. Over this same timeframe, we have expanded our customer base by over 500,000, ending the third quarter with 16.6 million customers. In terms of bundling, we have added over 800,000 multi-play customers in the last twelve months and now have 41% of our customer base subscribing to two or more products.

Similar to Q2 2009, we added 199,000 organic RGUs in the third quarter. From a regional perspective, our operations in Japan, Europe, the Americas and Australia contributed 85,000, 66,000, 38,000 and 10,000 organic additions, respectively. Our European markets, which are typically adversely impacted by the summer holiday season, experienced an 85% increase in organic additions, as compared to our Q2 2009 organic gains of 35,000. This increase resulted from a marked improvement at our UPC Broadband Division (“UPC”).

Our third quarter organic additions included broadband internet and telephony additions of 130,000 and 124,000 RGUs, respectively, and video losses of 55,000 RGUs. Organic broadband internet additions were modestly higher than both Q2 2009 and Q3 2008 additions. This improvement was driven in part by the Netherlands and Ireland, which added 15,000 and 13,000 broadband internet subscribers, respectively, in the third quarter. The Netherlands reported its best broadband internet quarter since 2007, reflecting early success with its “Fiber Power” products. We currently have next-generation broadband internet services in seven of nine UPC markets, four of which launched in September (Switzerland, Czech Republic, Slovakia, and Poland). Over 60% of UPC’s two-way footprint is now capable of supporting speeds of 100+ Mbps and we estimate that we are marketing to approximately 80% of this footprint.

Our third quarter organic video loss compares favorably to Q1 2009 and Q2 2009, as it was better by 41,000 and 25,000 subscribers, respectively. This result was aided by Austar’s highest organic gain in 2009 and improved video churn in Belgium and the Netherlands, as evidenced by their lowest video losses of the year. At September 30, 2009, our 15.2 million video subscribers consisted of 7.7 million analog (including MMDS), 6.3 million digital cable and 1.2 million direct-to-home (“DTH”) RGUs. In the last twelve months, our digital cable RGUs have grown by 42% or 1.9 million, resulting in consolidated digital penetration of 45%.

For the three and nine months ended September 30, 2009, we added 327,000 and 1.2 million digital cable RGUs, respectively, on an organic basis. As compared to the corresponding prior year periods, we were flat compared to Q3 2008, but had an increase of 28% over the nine-month 2008 period. Year-to-date, our organic growth in digital cable subscribers was led by our Belgian, Central and Eastern European (“CEE”) and Chilean operations, which grew by 87%, 37% and 34%, respectively, over the prior year period. Within our digital subscriber base, the digital video recorder (“DVR”) continues to appeal to our customers. At UPC, we have added over 400,000 DVR cable RGUs in the last twelve months, an increase of approximately 88% since September 30, 2008. We believe our growth opportunity remains substantial, particularly at UPC, given its digital penetration of 31% and its analog video base of 5.5 million subscribers.

Disposition of UPC Slovenia

On July 15, 2009, we completed the sale of UPC Slovenia to Mid Europa Partners for a cash purchase price of €119.5 million ($168.4 million at the transaction date), before working capital adjustments.

Subscribers – September 30, 2009:

                                                                                  Total
                                      Analog    Digital                           Video
                                       Cable      Cable        DTH     MMDS       Homes
                                   ---------  ---------  ---------  -------  ----------
UPC Broadband Division:
 The Netherlands                   1,255,300    710,700          --        --   1,966,000
 Switzerland                       1,192,100    362,300          --        --   1,554,400
 Austria                             323,600    217,600          --        --     541,200
 Ireland                             169,600    263,500          --   76,800     509,900
  Total Western Europe             2,940,600  1,554,100          --   76,800   4,571,500
 Hungary                             476,600    140,600    182,900        --     800,100
 Romania                             872,800    202,900    161,600        --   1,237,300
 Poland                              819,500    193,900          --        --   1,013,400
 Czech Republic                      171,500    361,600    107,600        --     640,700
 Slovakia                            189,700     53,800     31,100    4,300     278,900
  Total Central and
  Eastern Europe                   2,530,100    952,800    483,200    4,300   3,970,400
   Total UPC Broadband Division    5,470,700  2,506,900    483,200   81,100   8,541,900
    Variance vs. June 30, 2009     (220,500)    143,700      3,100  (3,700)    (77,400)

Telenet (Belgium)                  1,446,900    916,200          --        --   2,363,100
 Variance vs. June 30, 2009         (73,000)     62,100          --        --    (10,900)

J:COM (Japan)                        324,400  2,263,500          --        --   2,587,900
 Variance vs. June 30, 2009         (71,800)     85,100          --        --      13,300

The Americas:
 VTR (Chile)                         389,700    509,000          --        --     898,700
 Puerto Rico                               --     90,300          --        --      90,300
  Total The Americas                 389,700    599,300          --        --     989,000
   Variance vs. June 30, 2009       (27,800)     36,100          --        --       8,300

Austar (Australia)                         --          --    739,200        --     739,200
 Variance vs. June 30, 2009                --          --     10,500        --      10,500

Grand Total                        7,631,700  6,285,900  1,222,400   81,100  15,221,100
 Variance vs. June 30, 2009        (528,200)    309,800     13,600  (8,100)   (212,900)
  from Continuing Operations       (393,100)    327,000     13,600  (3,700)    (56,200)
  from Discontinued Operations*    (135,100)   (17,200)          --  (4,400)   (156,700)

*UPC Slovenia

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