Liberty Global Posts Loss

ENGLEWOOD,
November 6: While its revenues were up 17 percent to $2.6 billion, Liberty
Global posted a third-quarter loss of $308.9 million, as compared with a profit
of $40.4 million in last year's results, which included a one-time asset
disposal gain of $533 million.

"We
remain focused on driving penetration of advanced video and broadband services
and on managing our cost structure and capital spending," said Mike Fries,
the company's president and CEO. "As a result, customer ARPUs are up
approximately 10 percent in Europe and our penetrations and bundling ratios
continue to reach new highs."

Fries
continued: "Setting aside challenging competitive conditions in certain
areas, we believe our results reflect the relative stability inherent in our
subscription-based business, which has historically been resilient to difficult
economic conditions. One of our key strengths is our geographic diversity, as
our core cable operations span 15 different countries. Many of these operations
are managing through these economic times well. Given the state of the credit
markets, we also feel very good about our balance sheet, particularly in terms
of our liquidity position, debt maturity profile, and exposures to interest
rates and currencies. We have limited near-term debt amortizations, all of
which we expect can be funded by free cash flow, and we are well-hedged against
adverse currency movements."

As at September 30, 2008,
the company had 25.1 million RGUs, including 14.7 million video, 5.9 million
broadband and 4.5 million telephony subs. The quarter showed a gain of 441,000
new RGUs. Consolidated ARPU per customer relationship increased by 17 percent
to $46.10.

—By Mansha Daswani