December 30, 2005 – (HOSTSEARCH.COM) – Liberty Global, Inc. (http://www.lgi.com) has announced that its Austrian subsidiary, UPC Austria, has purchased Austrian web hosting provider and DSL operator Inode. The deal is estimated to reach approximately 95 million euros and is subject to the approval of the Austrian competition authorities. Inode continues to offer existing services but will allow UPC Austria to expand its network and service offering beyond its current operations, which focus chiefly on Vienna.
Inode has around 300 employees and offers its 100,000 customers xDSL, ADSL, internet telephony, server housing, web hosting and domain services. The company is expected to have generated 56 million euros in 2005. Discussing the move, Mike Fries, President and Chief Executive Officer of Liberty Global suggested, "With this transaction we are expanding our footprint in Austria. Inode's advanced DSL infrastructure allows us to deliver high-end data and voice services on a national scale and we will leverage our own UPC Austria infrastructure to gain further synergies. It will strengthen our position in the Austrian market."
Liberty Global is a broadband distributor that owns companies in the United States, Europe, Asia, and the Americas and has the most broadband cable subscribers outside the U.S. In 2005 Liberty Global's networks served 15.2 million revenue generating units, including approximately 10.7 million video subscribers, 2.6 million broadband Internet subscribers and 1.9 million telephone subscribers. |
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