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UGC Boasts Strong 2004 Results

UnitedGlobalCom (UGC) ended last year on a roll, thanks largely to its rollout of such new digital services as IP telephony and high-speed data. UGC, the largest cable ooperator in Europe and Chile, racked up 34% revenue growth to generate $2.53 billion in 2004, exceeding its financial guidance targets. The international MSO, backed by Liberty Media Corp., said it signed up 42,000 VoIP subscribers in Europe after launching the service in The Netherlands and Hungary last fall. It added 70,200 phone customers for the year and has picked up at least 13,000 more so far in 2005. Plans call for rolling out the digital phone service in France, Austria, Norway, Sweden, Belgium, Poland and the Czech Republic by the summer, making the product available to 5.5 million cable homes. On the high-speed data front, UGC signed up 264,800 cable modem subscribers in 2004, including 216,800 customers in Europe. It also added 211,200 broadband Internet subscribers from Noos and Chorus, pushing its overall total past 1.4 million.
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