Featured Story
Deutsche Telekom's 'open RAN' plan slips after Huawei reprieve
Deutsche Telekom had promised 3,000 open RAN sites by the end of 2026, but the date has now been changed to 2027. And Germany's refusal to ban Huawei has implications.
UPC Holding, which owns broadband operations in 12 European countries, reports third-quarter results
November 11, 2005
AMSTERDAM -- Today, UPC Holding B.V. ("UPC"), is providing selected, preliminary financial information for the three months ended September 30, 2005. UPC is a subsidiary of Liberty Global, Inc. ("Liberty Global") (Nasdaq: LBTYA - News, LBTYB - News, LBTYK - News), and a copy of this press release will be posted to the investor relations section of the Liberty Global website (www.lgi.com).
UPC owns businesses that provide video, high-speed Internet access and telephone services through broadband networks in 12 European countries. At September 30, 2005, UPC's networks passed approximately 14.1 million homes and served approximately 10.3 million revenue generating units (as customarily defined by Liberty Global), including approximately 8.1 million video subscribers, 1.5 million broadband Internet subscribers and 0.6 million telephone subscribers.
On July 29, 2005, UPC issued EUR 500 million of 7 3/4% Senior Notes due 2014 and on October 10, 2005, UPC issued a further EUR 300 million of 8 5/8% Senior Notes due 2014. UPC is required under the terms of the indentures for the foregoing Senior Notes to provide certain financial information regarding UPC Holding B.V. to bondholders on a quarterly basis. UPC Broadband Holding B.V., a wholly owned subsidiary of UPC, is the borrower and UPC is the guarantor of outstanding indebtedness under a senior secured credit facility (the "UPC Broadband Holding credit facility") which also requires the provision of certain financial and related information to the lenders. This press release is being issued at this time, in connection with those obligations, due to the contemporaneous release by Liberty Global of its third quarter results. The financial information contained herein is preliminary and subject to possible change. UPC presently expects to issue its financial statements prior to the end of November, at which time they will be posted in the investor relations section of the Liberty Global website (www.lgi.com). Copies will also be available from the Trustee for the Senior Notes.
Selected Financial Data
The following table provides selected, preliminary Revenue and Operating Cash Flow data for the three months ended September 30, 2005 and 2004 for each reportable segment of UPC Holding B.V. The selected financial data contained herein is preliminary and unaudited and subject to possible adjustments in connection with (i) the publication of UPC's third quarter financial statements, and (ii) year-end audit adjustments. Table 1:
Revenue | Operating Cash Flow | |
Three months ended September 30 | Three months ended September 30 | |
2005 | 2004 | |
The Netherlands | EUR 158,412 | EUR 148,657 |
France | 104,577 | 98,895 |
Austria | 64,513 | 60,490 |
Other Western Europe | 54,207 | 46,991 |
Total Western Europe | 381,709 | 355,033 |
Hungary | 57,757 | 43,440 |
Other Central and Eastern Europe | 68,946 | 51,952 |
Total Central and Eastern Europe | 126,703 | 95,392 |
Corporate and other | 16 | 1,680 |
Total UPC Holding | EUR 508,428 | EUR 452,105 |
You May Also Like