UGC Europe (formerly United Pan-Europe Communications or UPC ) is Europe's biggest cable TV provider, also providing internet access, telephony and other related services. It is an operation (100% ownership since early 2004) of the US-based company Liberty Global (arose in june 2005 through a merge of UnitedGlobalCom (UGC) with Liberty Media International), which is the world's leading Cable TV provider. Coaxial Cable is often used to transmit cable television into the house Cable television or Community Antenna Television (CATV) (and often shortened to cable) is a system of providing television, FM radio programming and other services to consumers via radio frequency signals transmitted directly to people’s televisions through fixed...
It serves about 6.6 milion analogue subscribers in 12 countries of Europe, and is the absolutely dominant provider in countries like the Netherlands, Austria, Slovakia or the Czech Republic.
In 2005, UGC Europe bought the Romanian communications company Astral Telecom for $420 million. 2005 is a common year starting on Saturday of the Gregorian calendar and is the current year. ... Astral Telecom logo Astral Telecom S.A. is a Romanian telecommunications company, a cable television network, internet service provider and telephone operator. ...
Its business is divided into two units:
UPC Broadband (TV, telephony, internet access (see also Chello), satellite TV)
Chello is the brand of internet service provider-activities of UGC Europe in 10 European countries, including: Austria Czech Republic France Germany Hungary Netherlands Norway Poland Slovakia UGC Europe is the leading European provider of broadband Internet access via cable with estimated 900,000 customers in ten European countries. ...
UGCEurope and UGC had previously concluded that generally accepted accounting principles precluded the recognition of a gain upon deconsolidation because there were significant uncertainties regarding the realization of such gain.
UGC expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in UGC's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
Notice for UGC Stockholders -- UGC and its directors and executive officers may be deemed to be participants in the solicitation of proxies from United's stockholders in connection with the special meeting of stockholders to be held to approve the issuance of UGC's Class A Common Stock in the exchange offer and planned merger.
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