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September launch for Horizon

August 3, 2012 00.55 Europe/London By Chris Dziadul

Following what has been a long delay, Liberty Global will finally launch Horizon next month in the Netherlands, according to Mike Fries, the company’s president and CEO.

Quoted in the latest set of results published by Liberty, he added that the next generation platform would then be rolled out in Switzerland in the fourth quarter.

Fries also said that Liberty had added over 800,000 RGUs (revenue generating units) in the first six months of this year thanks to strong demand for its triple play bundles.

Consolidated revenues meanwhile amounted to $2.52 billion (€2.05 billion) and $5.06 billion in the first three and six months of 2012 respectively, reflecting respective year-on-year increases of 4% and 8%.

Revenue growth was particularly pronounced in Germany in Q2, reaching a record 11%.

Liberty’s operating income in Q2 and H1 amounted to $479 million and $973 million respectively, 3% less and 5% more than in the corresponding period in 2011.

Net earnings over both periods were meanwhile both higher than a year earlier thanks to the $924 million gain on the sale of Austar in the second quarter.

The second quarter saw particularly strong take up of digital cable services in both Germany and Poland, with 57,000 and 26,200 respective additions in the three-month period.

Germany also gained more internet (98,900) and telephony (95,000) subscribers than any other market, while in the Czech Republic both the number of digital cable (-3,600) and telephony (-2,000) subscribers fell.

There was also a contraction in the number of DTH subscribers (-300) to the UPC Direct DTH platform in Hungary.

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Filed Under: Editor's Choice, Newsline, Top Story Tagged With: Horizon, Liberty Global Edited: 19 August 2012 09:42

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