Liberty Global Completes the Sale of UPC Norway
Liberty Global Completes the Sale of UPC Norway
DENVER, Jan. 24 /PRNewswire-FirstCall/ -- Liberty Global, Inc. ("Liberty Global") (NASDAQ:LBTYA)(NASDAQ:LBTYB)(NASDAQ:LBTYK) today announced that it has completed the previously announced sale of 100% of its Norwegian cable business, UPC Norge AS ("UPC Norway"). UPC Norway was sold to Candover Partners Limited for approximately EUR 448 million (US$542 million) after adjustments of which approximately EUR 175 million (US$212 million) will be used to repay debt associated with this asset.
About Liberty Global, Inc.
Liberty Global owns interests in broadband distribution and content companies operating outside the continental United States, principally in Europe, Asia, and the Americas. Through its subsidiaries and affiliates, Liberty Global is the largest broadband cable operator outside the U.S. in terms of subscribers. Based on the Company's consolidated operating statistics at September 30, 2005 (other than NTL Ireland which, at September 30, 2005, we consolidated but did not control), Liberty Global's networks passed approximately 23.6 million homes and served approximately 15.2 million revenue generating units, including approximately 10.7 million video subscribers, 2.6 million broadband Internet subscribers and 1.9 million telephone subscribers.
For more information, please visit www.lgi.com or contact:
Christopher Noyes
Investor Relations - Denver
(303) 220-6693
Hanne Wolf
Corporate Communications - Denver
(303) 220-6678
Ivan Nash
Investor Relations - Europe
+41 1 277 97 38
Bert Holtkamp
Corporate Communications - Europe
+31 20 778 9447
Source: Liberty Global, Inc.
CONTACT: Christopher Noyes, Investor Relations - Denver, +1-303-220-
6693, Hanne Wolf, Corporate Communications - Denver, +1-303-220-6678, Ivan
Nash, Investor Relations - Europe, +41 1 277 97 38, or Bert Holtkamp,
Corporate Communications - Europe, +31 20 778 9447, all of Liberty Global,
Inc.
Web site: http://www.lgi.com/
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