Liberty Global Reports Second Quarter 2008 Results

ENGLEWOOD, Colorado — Liberty Global, Inc. (NASDAQ: LBTYA, LBTYB and LBTYK), today announces financial and operating results for the second quarter (Q2) ended June 30, 2008.

Subscriber Statistics

At June 30, 2008, we had 16.1 million customers subscribing to 24.7 million total services. Of our total RGU base, video accounts for 59% or 14.7 million RGUs, broadband internet accounts for 23% or 5.7 million RGUs, and telephony accounts for the remaining 17% or 4.3 million RGUs. We continue to experience strong growth in our advanced services, adding over 2.9 million RGUs in the last twelve months. As a result, advanced services now represent 15.2 million or 62% of our total subscription base at June 30, 2008. Similarly, we have increased our bundled customers in the last year by 17% to 5.8 million or 36% of our customer base. This reflects an increase in our bundled customers of over 800,000 since June 30, 2007.

For the quarter ended June 30, 2008, we added 249,000 RGUs on an organic basis, representing a 7% decrease from our 266,000 organic subscriber gain in the quarter ended June 30, 2007. Specifically, our 249,000 organic additions in the second quarter reflect combined subscriber additions from telephony and broadband internet of 320,000 and video subscriber losses of 71,000.

In terms of our second quarter organic telephony additions, we experienced a gain of 166,000, a 3% increase over the quarter ended June 30, 2007. Our Western European operations experienced an organic gain of 20,000 telephony subscribers over last year’s second quarter, led largely by contributions from Austria and Switzerland. With respect to broadband internet, we added 154,000 organic subscribers, which conversely were down 3% or 5,000 from last year’s second quarter, due in large part to lower additions from VTR. In the quarter, our broadband additions were positively impacted by J:COM’s further roll-out of DOCSIS 3.0, which helped fuel a record gain for J:COM of 38,000 organic internet additions. J:COM finished the quarter with over 55,000 subscribers taking its 160 Mbps product.

At June 30, 2008, our 14.7 million video subscriber base consisted of 9.5 million analog cable and MMDS and 5.2 million digital cable and DTH subscribers. Our organic loss of 71,000 video subscribers in the quarter resulted from an organic loss of 119,000 video subscribers at our European operations (UPC and Telenet) offset by organic video additions of 48,000 at our Japanese, Chilean and Australian operations. Similar to our first quarter, we continue to experience heightened competition for analog subscribers in many of our European markets. Over 75% of our European video loss was attributable to the Netherlands, Romania, Ireland and the Czech Republic, although both the Netherlands and the Czech Republic did demonstrate modest improvements sequentially from the first quarter of 2008, partially as a result of strong digital cable additions and churn reduction initiatives.

The video highlight of the second quarter was our digital cable business, which experienced record quarterly organic additions of 336,000 RGUs, which represents 74% growth over the quarter ended June 30, 2007, and a 24% sequential increase over the quarter ended March 31, 2008. Contributing to our totals in the second quarter were our newest digital markets, Hungary and Poland, which added a combined 59,000 digital cable subscribers. Additionally, several other markets experienced improvements on both a year-over-year and a sequential basis, including the Netherlands, Austria, and VTR. With a digital product now offered in all markets, we are focused on driving consolidated digital penetration8 beyond its current level of 30% and are well-positioned to upsell ARPU9 enhancing products, such as the digital video recorder, high definition and video-on-demand, across our digital customer base.

Consolidated Operating Data (Video) – June 30, 2008:

                                                  Subscribers
                                  ----------------------------------------       Total
                                     Analog    Digital                           Video
                                      Cable      Cable        DTH     MMDS       Homes
                                  ---------  ---------  ---------  -------  ----------
UPC Broadband Division:
 The Netherlands                  1,496,600    592,100          --        --   2,088,700
 Switzerland                      1,240,300    321,300          --        --   1,561,600
 Austria                            451,600    106,100          --        --     557,700
 Ireland                            239,800    226,500          --   96,300     562,600
  Total Western Europe            3,428,300  1,246,000          --   96,300   4,770,600
 Hungary                            640,500     48,100    173,500        --     862,100
 Romania                          1,131,600     52,800    130,000        --   1,314,400
 Poland                           1,002,000     11,300          --        --   1,013,300
 Czech Republic                     373,600    186,400    119,900        --     679,900
 Slovakia                           240,100     11,000     30,000    6,700     287,800
 Slovenia                           144,100      1,300          --    3,900     149,300
  Total Central and
  Eastern Europe                  3,531,900    310,900    453,400   10,600   4,306,800
   Total UPC Broadband Division   6,960,200  1,556,900    453,400  106,900   9,077,400

Telenet (Belgium)                 1,209,900    478,500          --        --   1,688,400

J:COM (Japan)                       605,200  1,640,300          --        --   2,245,500

The Americas:
 VTR (Chile)                        602,900    267,200          --        --     870,100
 Puerto Rico                              --     84,800          --        --      84,800
  Total The Americas                602,900    352,000          --        --     954,900

Austar (Australia)                        --      6,200    688,900        --     695,100

Grand Total                       9,378,200  4,033,900  1,142,300  106,900  14,661,300

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