Liberty Global Reports Second Quarter 2012 Results
Thursday, August 2nd, 2012
ENGLEWOOD, Colorado — Liberty Global, Inc. (“Liberty Global,” “LGI,” or the “Company”) (NASDAQ: LBTYA, LBTYB and LBTYK), today announces financial and operating results for the second quarter ended June 30, 2012 (“Q2”).
Subscriber Statistics
At June 30, 2012, we provided our 19.6 million unique customers a total of 33.8 million services, consisting of 18.3 million video, 8.7 million broadband internet and 6.8 million telephony subscriptions.
Our video losses of 83,000 and 169,000 for the three and six months ended June 30, 2012, respectively, were consistent with our video losses for the same periods in 2011, despite a larger video base. During the three- and six-month 2012 periods, we grew our year-over-year digital cable subscriber additions by 13% to 244,000 RGUs and 4% to 523,000 RGUs, respectively, driven by our German and Belgian operations. We ended the second quarter with digital penetration of 49% and a digital cable base of 8.6 million RGUs. In the last half of 2012, our digital video business should benefit from the introduction of our next-generation Horizon video platform in September in the Netherlands, followed by Switzerland in Q4.
Consolidated Operating Data – June 30, 2012 – Video
Total Analog Digital Video Cable Cable DTH MMDS Homes --------- ----------- --------- ------- ----------- UPC/Unity Division: Germany 4,615,100 2,124,500 - - 6,739,600 The Netherlands* 724,900 1,056,400 - - 1,781,300 Switzerland* 938,600 563,200 - - 1,501,800 Austria 185,600 321,200 - - 506,800 Ireland 72,300 333,200 - 50,500 456,000 Total Western Europe 6,536,500 4,398,500 - 50,500 10,985,500 Poland 638,700 688,900 - - 1,327,600 Romania 465,000 390,000 287,000 - 1,142,000 Hungary 331,300 305,300 226,000 - 862,600 Czech Republic 74,700 418,500 90,600 - 583,800 Slovakia 89,000 115,500 50,300 700 255,500 Total CEE 1,598,700 1,918,200 653,900 700 4,171,500 Total UPC/Unity 8,135,200 6,316,700 653,900 51,200 15,157,000 Telenet (Belgium) 679,700 1,472,500 - - 2,152,200 The Americas: VTR (Chile) 184,900 738,200 - - 923,100 Puerto Rico - 79,800 - - 79,800 Total The Americas 184,900 818,000 - - 1,002,900 --------- ----------- --------- ------- ----------- Grand Total 8,999,800 8,607,200 653,900 51,200 18,312,100
* Pursuant to service agreements, Switzerland and, to a much lesser extent, the Netherlands offer digital cable, broadband internet and telephony services over networks owned by third-party cable operators (“partner networks”). A partner network RGU is only recognized if there is a direct billing relationship with the customer. At June 30, 2012, Switzerland’s partner networks account for 87,800 Digital Cable Subscribers.
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