Liberty Global has given details of its Multimedia Home Gateway and the technology partners it will work with to deliver the next generation device. The international cableco that runs UPC, Telenet and Unitymedia has brought in Samsung, Intel Corporation and NDS. The multimedia home gateway will be an all IP platform capable of distributing video, […]
Liberty Global’s acquisition of Unitymedia in January has impacted strongly on its Q1 results. The UPC Broadband Division has posted revenues of $2,178.9 million (€1,710.2 million) for the quarter, an increase of 28.4% on the same period in 2009.
ANGA Cable 2010 – Cologne. The head of Unitymedia has said the second largest cablenet in Germany is on the lookout for further takeover targets in the market. In an interview with Financial Times Deutschland Gene Musselmann, who is also the President of UPC Broadband, said he anticipated a consolidation in the market.
Liberty Global ended 2009 on a high note, with Q4 revenues for its UPC Broadband Division being 11.6% up year-on-year at $1,111.3 million (€820.2 million).
Gene Musselman will take the helm as acting MD of Germany’s Unitymedia, alongside his jobs as president and COO of UPC Broadband, the European subsidiary of Liberty Global. Parm Sandhu, current CEO of Unitymedia, has decided to leave the company to pursue other career opportunities.
Liberty Global has received regulatory clearance from the European Union for its €3.5 billion purchase of Unitymedia.
Liberty Global has announced the sale of its 37.8% ownership interest in Jupiter Telecommunications (better known as J:COM), the Japanese communications provider, to KDDI Corporation, the second largest wireless operator in Japan.
Liberty Global, the US-owner of UPC Broadband, is to purchase the German cablenet Unity Media for €3.5 billion. Private equity owners Finakabel Holdings/BC Partners and Apollo Management were expected to launch an IPO yesterday (November 12), when the operator announced its third quarter results, being named as the most likely date for an announcement.
Liberty Global has posted a net loss of $35.7 million (€24.2 million) for the third quarter, which is a considerable improvement on the $278.3 million recorded in Q3 2008. Its revenues meanwhile amounted to $2,824.2 million, reflecting a 4% rebased growth on a year earlier.
Leading technology companies including Cisco, EventIS and Teleste have been honoured in the annual Liberty Global Vendor Awards.