UPC Holding BV reports third-quarter revenues rose 10% to €830 million year-on-year, driven primarily by subscriber growth and the impact of acquisitions, particularly Karneval in the Czech Republic. UPC added 24,000 digital cable subscribers in the Czech Republic while its Romanian and Hungarian operations showed some improvement over the first and second quarters despite the impact of competition.
UPC reported an increase of 226,000 RGUs (revenue-generating units) during the third quarter. Operating cash flow rose 17% to €355 million and operating income increased 55% to €78 million.
Geographically, our operations in Central and Eastern Europe and Chile continued to demonstrate the strongest re-based revenue growth with both operations experiencing 11% re-based growth for the nine months ending Sept. 30," a company statement said Nov. 9. "In CEE, Poland once again posted strong re-based revenue growth, generating a 20% growth rate in the quarter."
UPC Holding, a subsidiary of Liberty Global Inc., owns businesses in 11 countries that offer video, voice and broadband Internet services to 15.9 million homes. As of Sept. 30 it served 15.0 million revenue generating units, including 10.0 million video subscribers, 3.1 million broadband Internet subscribers and 1.9 million telephone subscribers.