Liberty Global adds 382k digital cable and 23k DTH subscribers in 4Q09

Wednesday, February 24th, 2010
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ENGLEWOOD, Colorado — Liberty Global, Inc. (“Liberty Global,” “LGI,” or the “Company”) (NASDAQ: LBTYA, LBTYB and LBTYK), today announces financial and operating results for the fourth quarter (“Q4”) and year ended December 31, 2009.

Subscriber Statistics

At December 31, 2009, we provided our 16.6 million global customers a total of 27.1 million services, consisting of 15.2 million video, 6.7 million broadband internet and 5.2 million telephony subscriptions. Our RGUs include 19.9 million advanced service RGUs, representing 73% of our total RGUs, which is a 2.8 million or 16% increase over 2008 advanced service RGUs of 17.1 million. As a result of this growth in advanced services, our bundled customer base increased 10% in 2009, as we finished the year with 42% of our 16.6 million customers subscribing to two or more products.

In 2009, we added 932,000 organic RGUs, with our operations in Europe, Japan, the Americas and Australia contributing 431,000, 333,000, 147,000 and 21,000 additions, respectively. Our fourth quarter organic additions of 322,000, accounting for 35% of our 2009 organic additions, reflect our strongest quarter of the year and a 13% improvement over our Q4 2008 organic additions of 284,000. The quarterly year-over-year increase in RGUs was due largely to lower video losses and higher broadband additions, especially in our Dutch operation.

With respect to video, we lost 260,000 organic subscribers in 2009, including 30,000 in the fourth quarter. Our fourth quarter performance represents the best quarter for LGI since Q4 2007 with respect to organic video losses. This performance also compares favorably to our organic video loss of 49,000 in Q4 2008 and to our average quarterly organic video loss of 77,000, for the first three quarters of 2009. Our improved results in Q4 were driven in part by substantially lower analog churn in the Netherlands.

Propelled by traction from our DVR, HD and VoD offerings, digital cable was our most successful product in 2009, as we added 1.6 million organic digital cable additions, including 377,000 in the fourth quarter. As compared to full-year 2008 results, organic digital cable additions increased by 12%, led by Telenet. We ended 2009 with a digital cable RGU base of 6.7 million, which was a 31% gain over our year-end 2008 digital cable RGUs of 5.1 million. As a result, our consolidated digital penetration increased to 48% at December 31, 2009 from 36% at December 31, 2008, as all key cable operations showed year-over-year improvements. Specifically, digital penetration of the UPC Broadband Division (“UPC”) increased from 24% to 34% during 2009, as UPC added over 700,000 digital cable RGUs. Instrumental to this growth at UPC in digital cable has been the DVR, as we added over 400,000 DVR customers in 2009, reaching 38% DVR penetration and surpassing 1.0 million DVRs on the UPC digital cable base.

The 2009 performance of our Dutch operation, particularly in the fourth quarter, was a notable highlight. Demonstrating success across all three products, the Netherlands added 48,000 organic RGUs in Q4 2009, as compared to 9,000 in Q4 2008. With respect to video, our Dutch operation added 41,000 digital cable subscribers in Q4, its best quarter in three years, and reduced total video losses by 54% as compared to Q4 2008. This video performance was attributable to our expansion in content, including HD and on demand programming, improved triple-play offers and the halo effect of our “Fiber Power” roll-out. Additionally, the Netherlands added a record 34,000 broadband internet subscribers in Q4, reflecting growth in excess of 200% over Q4 2008 additions. Our “Fiber Power” products were the catalyst to this growth, as we have significantly improved the consumer value proposition and have clearly delineated our platform’s speed advantage versus DSL. As one of our most advanced markets in terms of product offerings and positioning, we view this success as an indicator of the growth potential that exists for our other markets.

Subscribers – December 31, 2009:

                                                                                  Total
                                      Analog    Digital                           Video
                                       Cable      Cable        DTH     MMDS       Homes
                                   ---------  ---------  ---------  -------  ----------
UPC Broadband Division:
 The Netherlands                   1,203,900    751,400          --        --   1,955,300
 Switzerland                       1,167,100    379,200          --        --   1,546,300
 Austria                             308,300    233,000          --        --     541,300
 Ireland                             153,600    276,900          --   74,300     504,800
  Total Western Europe             2,832,900  1,640,500          --   74,300   4,547,700
 Hungary                             448,500    157,400    186,000        --     791,900
 Romania                             837,600    231,000    181,000        --   1,249,600
 Poland                              787,200    229,400          --        --   1,016,600
 Czech Republic                      152,100    379,700    104,100        --     635,900
 Slovakia                            178,500     61,300     32,500    3,900     276,200
  Total Central and
  Eastern Europe                   2,403,900  1,058,800    503,600    3,900   3,970,200
   Total UPC Broadband Division    5,236,800  2,699,300    503,600   78,200   8,517,900
    Variance vs. Sept. 30, 2009     (233,900)   192,400     20,400   (2,900)    (24,000)

Telenet (Belgium)                  1,341,600  1,000,900          --        --   2,342,500
 Variance vs. Sept. 30, 2009        (105,300)    84,700          --        --     (20,600)
 Q4 2009 Belgium adjustment           (5,700)     4,600          --        --      (1,100)

J:COM (Japan)                        250,200  2,348,400          --        --   2,598,600
 Variance vs. Sept. 30, 2009         (74,200)    84,900          --        --      10,700

The Americas:
 VTR (Chile)                         370,400    531,800          --        --     902,200
 Puerto Rico                               --     87,500          --        --      87,500   
  Total The Americas                 370,400    619,300          --        --     989,700
   Variance vs. Sept. 30, 2009       (19,300)    20,000          --        --         700

Austar (Australia)                         --          --    741,600        --     741,600    
 Variance vs. Sept. 30, 2009               --          --      2,400        --       2,400 

Grand Total                        7,199,000  6,667,900  1,245,200   78,200  15,190,300
 Variance vs. Sept. 30, 2009        (432,700)   382,000     22,800   (2,900)    (30,800)

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