Telenet adds 74k digital cable subscribers in 2Q 09

Friday, July 31st, 2009
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MECHELEN — Telenet Group Holding NV (“Telenet” or the “Company”) (Euronext Brussels: TNET) announces its unaudited consolidated results under International Financial Reporting Standards as adopted by the European Union (“EU GAAP”) for the six months ended June 30, 2009.

Television

At the end of June 2009, we reported 854,000 digital cable TV customers of which 792,000 subscribed to our Telenet Digital TV product and the remaining 62,000 were on the INDI Digital TV platform which we acquired as part of the Interkabel Acquisition. Our interactive Telenet Digital TV product enjoyed solid net additions of 184,000 in the first six months of 2009. In Q2 2009 alone, 76,000 new customers joined our digital TV service, thereby continuing the accelerated growth of the previous two quarters. In line with the previous two quarters the vast majority of new subscribers opted to rent the high”end High Definition (HD) set”top box with Personal Video Recording (PVR) capability. The strong progress in our subscriber additions was primarily driven by the combination of the successful launch of our Telenet Digital TV platform in the Telenet PICs Network in mid”October 2008 and by sustained demand within the Telenet Network.

At the end of the first half of 2009, 36% of our total cable TV subscriber base within our Combined Network watched digital TV either through a Telenet Digital TV or INDI set”top box. In Q4 2008, the consolidation of the Interkabel TV subscriber base had a dilutive impact on our digitalization rate as most of the base was still on analog. However, strong organic customer growth in the Interkabel area over the past three quarters has helped to narrow the gap. For reference purposes, already 40% of our total cable TV subscriber base on our legacy Telenet footprint subscribed to digital TV at the end of June 2009 compared to 29% at the end of June 2008.

In addition to the digital TV platforms described above, we also have 11,000 subscribers to the premium analog PayTV service delivered through an alternative platform (former Canal+) which is only available on the Telenet PICs Network. Over time, we expect the majority of these subscribers to migrate to the Telenet Digital TV platform.

Cable TV (in 000 serviced premises):

As of and for the six months ended    June 2009  June 2008  Change %
                                      ---------  ---------  --------
Total                                     2,374      1,688       41%
  Analog                                  1,520      1,210       26%
  Digital (iDTV + INDI)                     854        479       78%

      2Q08  3Q08  4Q08  1Q09  2Q09
      ----  ----  ----  ----  ----
iDTV   479   519   609   716   792
INDI                65    64    62

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