UPC revenues rise in dollar terms

UPC IRELAND, the communications company which operates theChorus/NTL digital television and broadband services brands, saw revenues for the first quarter of this year fall by 9.7% to $79.8 million (€60m).

However, when taking the euro-dollar exchange rate into consideration, the company – which is ultimately owned by the Colorado-based communications group, Liberty Global – saw a rise in first quarter revenues of 3.7% to €61.1m and a 4.4% year-on-year increase in operating cash flow to €23.6m.

“We are investing over €90m in our network this year alone to develop and extend more services across our national footprint. These results demonstrate the strong competitive advantage this investment program is delivering to the business in the market place. Out of a total of 1.5 million households, UPC’s network passes over 58%, with more than one in every three homes in Ireland subscribing to UPC,” said UPC Ireland chief executive, Robert Dunn.