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Liberty Global Q2 results boosted by Virgin Media takeover

Friday 2 August 2013 | 09:00 CET | News
Liberty Global reported second-quarter sales up 25 percent year-on-year to USD 3.16 billion. Its takeover of Virgin Media in the UK contributed around two-thirds of the increase, and the company's organic growth was 4 percent. The cable operator saw a slowdown in customer growth in the period, with 191,000 revenue-generating units added on an organic basis compared to 364,000 a year ago. This was due to a slowdown in Germany and East Europe and tough competition in the Netherlands, where it lost customers. Operating cash flow was up 21 percent to USD 1.45 billion and grew 3 percent on an

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Categories: Fixed
Companies: Liberty Global / Virgin Media
Countries: Europe
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