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Liberty Global begins deployment of next-generation 'fiber power' broadband services in Europe
September 16, 2008
ENGLEWOOD, Colo. -- Liberty Global, Inc. ("Liberty Global", "LGI") (Nasdaq:LBTYA) (Nasdaq:LBTYB) (Nasdaq:LBTYK) today announced that its Dutch cable TV business, UPC Netherlands, will begin the commercial introduction of UPC Fiber Power: ultra high-speed internet up to 120 Mbps for consumers, based on the innovative EuroDOCSIS 3.0 standard. UPC is demonstrating its new UPC Fiber Power 120 product with live internet applications at the IBC trade show in Amsterdam.
UPC Netherlands will be the first cable operator in continental Europe to deliver a download speed of 120 Mbps to consumers, benefiting from the experience of Liberty Global's cable TV business in Japan, J:COM, which introduced next generation broadband services in late 2007. In Japan, J:COM is actively offering 160 Mbps broadband services across all four of its operating regions with considerable success. J:COM has added over 55,000 subscribers to its 160 Mbps product since Q4'07, and more than 25% of new subscribers are taking the product where it's available.
Liberty Global's President and CEO Mike Fries said, "The launch of our Fiber Power broadband services in Europe marks another milestone in cable's long-standing superiority of DSL. Hands down, this will be the fastest and most robust broadband service available in our markets. In addition to the Netherlands deployment announced today, Liberty Global expects to begin the commercial introduction of similar advanced internet products in Switzerland and Austria before the end of this year, and in most if not all of our European markets by the end of 2009."
Liberty Global Inc. (Nasdaq: LBTY)
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