Liberty Global Inc. sees Kabel Baden-Wrttemberg GmbH & Co. KG (KBW) as a possible acquisition target, Chief Strategy Officer of Liberty, Shane ONeill said. He said: The combination of us and KBW still keeps us properly sized, He added that the company has $3 billion cash for acquisitions. Bloomberg reported that EQT Partners AB, KBWs owner did not comment if it would entertain an offer from Liberty. EQTs spokesman, Johan Hahnel said: EQT is still investing heavily in KBW. We cant comment on any possible future plans. Shane ONeill said that if another potential buyer pushed KBWs value higher, then Liberty might lose interest. He said: Some private equity person could come in and decide that KBW is worth 11 to 12 times, in which case, thats fine. In 2010, Liberty sees more mergers and acquisitions in the industry. He stated that cable operations in Germany and the Benelux countries, as well as in central and eastern Europe, may be involved in transactions this year. Shane ONeill said: I think over the next 12 months you will continue to see a lot of activity around Germany. The company is also interested is Poland. He said that there are four operators in the cable industry, and potential targets for an acquisition. He said: Its a unique market. We love the market.

UPC Broadband reported preliminary unaudited earnings results for the fourth quarter and year ended December 31, 2009. For the quarter, the company reported revenue of EUR 752.5 million against EUR 755 million a year ago. Operating cash flow was EUR 364.3 million against EUR 374.9 million a year ago. Capital expenditure was EUR 183.5 million against EUR 269.1 million a year ago. For the year, the company reported revenue of EUR 2,951.6 million against EUR 2,987.9 million a year ago. Operating cash flow was EUR 1,456.4 million against EUR 1,445.2 million a year ago. Capital expenditure was EUR 741.3 million against EUR 856.2 million a year ago.

Liberty Global Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2009. For the quarter, the company's revenue was $3,040.1 million against $2,555.5 million a year ago. Operating income was $469.4 million against $224.6 million a year ago. Loss from continuing operations before income taxes was $111.2 million against $624.0 million a year ago. Earnings from continuing operations were $292.5 million against loss from continuing operations of $742.7 million a year ago. Net earnings were $292.5 million against net loss of $739.1 million a year ago. Net earnings attributable to companys stockholders were $100.0 million or $0.34 diluted per share against net loss attributable to company's stockholders of $752.6 million or $2.60 diluted per share a year ago. Capital expenditures declined to $629 million as compared to $691 million a year ago. Operating Cash Flow increased 19% to $1.3 billion as compared to the corresponding prior year periods. For the year, the company's revenue was $11,080.2 million against $10,497.7 million a year ago. Operating income was $1,637.0 million against $1,345.6 million a year ago. Loss from continuing operations before income taxes was $248.8 million against $185.2 million a year ago. Loss from continuing operations was $15.1 million against $618.5 million a year ago. Net earnings were $14.1 million against net loss of $601.8 million a year ago. Net loss attributable to company's stockholders was $412.1 million or $1.53 diluted per share against $788.9 million or $2.50 diluted per share a year ago. Net cash provided by operating activities was $3,353.3 million against $3,138.0 million a year ago. Capital expended for property and equipment was $2,235.3 million against $2,360.4 million a year ago. The improvements in results for both the fourth quarter and full-year period are due primarily to positive contributions from income tax benefits, foreign currency transactions gains and increased operating income that more than offset increases in derivative losses. Operating Cash Flow increased 8% to $4.9 billion as compared to the corresponding prior year periods.