UPC loses 7,000 customers in second quarter
Dutch cable operator UPC on Friday announced a loss of 7,000 customers in the second quarter, compared with a gain of 14,000 in the year-earlier period.
According to UPC owner Liberty Global, competition on the Dutch market is fierce and measures have been taken to strengthen the company’s offer to customers.
Liberty Global’s turnover rose 25% to $3.2bn, mainly due to the takeover of the British Virgin Media in June. Corrected for takeovers and exchange rate fluctuations, turnover rose 4%.
Operating profit fell 7% to $445m and net profit booked a loss of $12m compared with a profit of $770m in the year-earlier period.
Liberty Global also has a major shareholding in Dutch cable operator Ziggo.
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