Pan-European broadcasting group, UPC, has posted a 62% increase in EBITDA, up from the E97 million loss of last time to a loss of E37 million for Q3 2001. This is a slightly better performance than ABN Amro forecasts which had expected an earnings loss of E39.6 million.
UPC has also been given clearance to merge its Polish satellite division, Wizja TV, with Vivendi Universal’s Cyfra+ and Canal+ Polska. The merger should be completed by the end of this year.
UPC is headquartered in Amsterdam and provides broadband communications across in Europe.