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Cable operator UPC Romania's Q3 revenue grows 4% y/y

Cable operator UPC Romania's Q3 revenue grows 4% y/y UPC Romania Author (UPC Romania) License: all rights reserved.

BUCHAREST (Romania), November 9 (SeeNews) - Cable operator UPC Romania, a unit of U.S.-based Liberty Global, said its third-quarter revenue rose 4% year-on-year to 164.2 million lei ($40 million/35 million euro).

The company's subscribers totalled 2.08 million at end-September, up 6.5% on the year, UPC Romania said in a press release.

"The good results reflect the efforts of our team, dedicated to providing our customers with superior digital services. In this quarter, we have achieved two major milestones: 400,000 Connect Box modems and 200,000 Horizon media boxes in our clients' homes," UPC Romania and Hungary CEO, Robert Redeleanu, said.

The number of Internet subscribers rose 4.3% to 592,900 during the three months to end-September.

In the third quarter, subscriptions for digital TV services climbed 4.4%, reaching a total of 692,600 customers at end-September.

On the voice segment, UPC Romania recorded a growth rate of over 9.3%, reaching a customer base of 567,800.

Founded in Cluj-Napoca as Astral Telecom S.A. in 1993, UPC Romania is now one of the country's largest providers of TV, Internet and fixed-line telephone services.

In 2005, UPC Europe, a pan-European telecommunications company owned by US TV and broadband company Liberty Global, bought Astral Telecom for $420 million (360 million euro).

Liberty Global said in May it has entered into a definitive agreement to sell its operations in Romania, the Czech Republic, Hungary and Germany to Vodafone Group for 18.4 billion euro ($21 billion).

(1 euro=4.6630 lei)