Liberty Global Group Class A LBTYA
Q3 2012 Earnings Call Transcript

Transcript Call Date 11/05/2012

Operator: Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Liberty Global's Investor Call. This call and the associated webcast are the property of Liberty Global and any redistribution, retransmission or rebroadcast of this call or webcast in any form without the expressed written consent of Liberty Global is strictly prohibited. At this time, all participant lines are in a listen-only mode. Today's formal presentation materials can be found under the Investor Relations section of Liberty Global's website at

Following today's formal presentation, instructions will be given for a question-and-answer session. As a reminder, this conference call is being recorded on this date, November 5, 2012.

I would now like to turn the conference call over to Mr. Mike Fries, President and CEO of Liberty Global. Please go ahead, sir.

Michael T. Fries - President and CEO: Welcome everybody and thanks for joining us today. I want to make a couple of quick introductions before we do the Safe Harbor and get into the call. I have with me as usual Charlie Bracken and Bernie Dvorak our Co-CFOs; Diederik Karsten, who has a European Cable Operations; Balan Nair, Chief Technology Officer; Mauricio Ramos, who oversees VTR in Chile; and of course, Rick Westerman you all know in IR department. There are few other folks on the call if necessary we'll hear from them as well. The agenda is as we have done it in the past. I am going to do a quick overview, Charlie will run through the numbers today and then we will get your question. So, before I do that though let me turn it back to the operator for the Safe Harbor.

Operator: Thank you. Page 2 of the slides details the Company's Safe Harbor statements regarding forward-looking statements. Today's presentation may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including the Company's expectation with respect to its outlook for 2011 and future growth prospects, and any other information and statements that are not historical facts.

These forward-looking statements involve certain risks that could actual results to differ materially from those expressed or implied by these statements. These risks include those detailed from time-to-time in Liberty Global's filings with the Securities and Exchange Commission, including its most recently filed Forms 10-K and 10-Q. Liberty Global disclaims any obligation to update any of these forward-looking statements to reflect any change in its expectations or in the conditions on which any such statement is based.

I would now like to turn the call back over to Mr. Mike Fries.

Michael T. Fries - President and CEO: Thanks operator. As usual, there are some slides on our website; hope you've had a chance to access those and we will be speaking from those today. I'm going to start on Slide 4, with a snapshot of our third quarter operating results, beginning with our subscriber growth of 320,000 RGUs for the three months. As most of you know, the third quarter is typically slower for us, but this is actually our second best Q3 for net adds. And we're now over 1.1 million organic RGUs for the year, bringing our total video, voice, and broadband base to 34.1 million.

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