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UPC turns corner in CEE

February 27, 2008 08.41 Europe/London By Chris Dziadul

Liberty Global has posted good Q4 results for most of its UPC Broadband operations in Central and Eastern Europe. The ‘Digi TV’ effect is now a thing of the past, with its DTH subscriber figures once again growing across the board, with the best performance (up by 28,500 to 115,000) being in Romania.

There was also steady, across-the-board growth in Internet and telephony take-up, with the highest figure being in Poland, where Internet subs went up by 33,900 in the quarter.

Cable presented a more mixed picture: there was significant migration from analogue to digital in the Czech Republic and the number of digital subscribers at year end (124,200) was probably higher than expected. However, in Romania the company lost 76,000 analogue subscribers while gaining only 17,800 digital ones.

Liberty Global’s UPC Broadband division posted revenues of $1,064 million (€716.4 million) for its European interests as a whole in Q4 2007, as opposed to $895 million in the corresponding period in 2007. Its operating cash flow was meanwhile up by 30.6% to $452.4 million. The revenue aand cash flow figures for Telenet, published separately, were $352,7 million and $154.5 million respectively.

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Filed Under: Central & East Europe, Newsline Edited: 27 February 2008 16:55

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