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Liberty Global posts Q2 profit on Austar sale

Friday 3 August 2012 | 08:50 CET | News
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Liberty Global moved to a net profit of USD 702 million in the second quarter, versus a loss of USD 347 million a year earlier, thanks to a gain on the sale of its Australian operation Austar. The cable operator's revenues rose 4 percent year-on-year to USD 2.52 billion, and operating cash flow improved 3 percent to USD 1.19 billion. Growth came mainly from Germany, where it acquired Kabel BW, as well as organic subscriber growth. In Q2, it added 439,000 revenue-generating units for a total 33.82 million. The 19.3 million customers took an average 1.72 products each from the company. Capital

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Categories: Fixed
Companies: Austar / Kabel BW / Liberty Global
Countries: Europe
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