Unitedglobalcom (NASDAQ:UCOMA)
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UGC Announces Record Customer Growth for Fourth Quarter and
Fiscal Year End 2004
DENVER, Feb. 15 /PRNewswire-FirstCall/ -- UnitedGlobalCom, Inc. ("UGC")
(NASDAQ:UCOMA) today announced subscriber operating results for the fourth
quarter and fiscal year end 2004.
* Excluding the impact of acquisitions, UGC added 254,200 net new Revenue
Generating Units (RGUs) during the fourth quarter, up 72% from the same
period last year on an organic basis.
* Together with the 298,600 RGU additions during the first nine months of
2004 (which also excludes acquisitions), UGC added a total of 552,800
RGUs for the full year 2004, an increase of 75% over 2003 results on an
organic basis.
Total RGUs at December 31, 2004 were 11.64 million, compared to 9.14 million at
the end of 2003, and include the organic growth above as well as the results of
Noos, acquired in July 2004, and three additional acquisitions that closed in
the fourth quarter. Together, these acquired operations added 1.95 million
RGUs to the December 31, 2004 total.
A detailed table of subscriber statistics at December 31, 2004 will be included
in our upcoming press release regarding UGC's fourth quarter and full year 2004
financial results.
Mike Fries, President and Chief Executive Officer of UGC, said, "We had a very
strong fourth quarter and have comfortably exceeded our public guidance target
for full year subscriber growth. Several factors contributed to this
performance, including continued high demand for our broadband Internet access
products, stronger than expected sales of our digital video offerings in
France, and the early success of our new Voice over IP (VoIP) services in The
Netherlands and Hungary."
"In addition, the strong momentum that we generated in the fourth quarter of
last year has carried over into early 2005. We expect that continued new
product launches, in particular the expansion of VoIP services across Europe,
should help deliver meaningfully higher subscriber growth this year compared to
2004."
About UnitedGlobalCom
UGC is a leading international provider of video, voice, and broadband Internet
services with operations in 16 countries, including 13 countries in Europe.
Based on the Company's operating statistics at December 31, 2004, UGC's
networks reached approximately 16.0 million homes passed and served over 11.6
million RGUs, including approximately 9.4 million video subscribers, 1.4
million broadband Internet subscribers, and 803,500 telephone subscribers.
Forward-Looking Statements: Except for historical information contained herein,
this press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including the implied
continuation of historic trends and anticipated subscriber growth in 2005.
These forward looking statements involve certain risks and uncertainties that
could cause actual results to differ materially from those expressed or implied
by these statements. These forward-looking statements speak only as of the
date of this release. The Company expressly disclaims any obligation or
undertaking to disseminate any updates or revisions to any forward-looking
statement contained herein to reflect any change in the Company's expectations
with regard thereto or any change in events, conditions or circumstances on
which any such statement is based.
Please visit http://www.unitedglobal.com/ for further information or contact:
Richard S.L. Abbott Claire Appleby
Investor Relations -- UGC Investor Relations -- UGC Europe
(303) 220-6682 +44 20 7 838 2004
Email: Email:
Bert Holtkamp
Corporate Communications -- UGC Europe
+ 31 (0) 20 778 9447
DATASOURCE: UnitedGlobalCom, Inc.
CONTACT: Richard S.L. Abbott, Investor Relations of UGC,
+1-303-220-6682, , or Claire Appleby, Investor Relations of
UGC Europe, +44 20 7 838 2004, , or Bert Holtkamp, Corporate
Communications of UGC Europe, + 31 (0) 20 778 9447,
Web site: http://www.unitedglobal.com/