UPC’s losses in the Czech Republic amounted to CZK136 million (€5.34 million) last year, or less than half the CZK277 million in 2010.
The figures, published by E15 and sourced from a company document, imply that UPC Czech’s cumulative losses for the last four years rose to CZK570 million.
Sales in 2011 amounted to CZK4.51 billion, or CZK117 million less than a year earlier, while TV revenues fell by over CZK400 million to CZK1.99 billion.
UPC is the leading cable operator in the Czech Republic, with its main competitor in the cable sector being Nej TV.
In the pay-TV industry as a whole, it also faces strong competition from the DTH platforms Skylink and CS Link, both of which are owned by the Luxembourg-based company M77.