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Liberty Global 1Q loss widens on higher interest expense

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May 7, 2008

ENGLEWOOD, Colo.—Liberty Global Inc. says its first-quarter loss widened on higher interest payments and losses on derivatives.

The Englewood, Colo.-based company's loss reached $155.6 million, or 45 cents per share, compared with a loss of $136.1 million, or 35 cents per share, in the year-ago quarter.

Analysts polled by Thomson Financial expected a loss of 7 cents per share.

Liberty says revenue rose to $2.61 billion from $2.11 billion. Analysts forecast $2.56 billion in revenue.

The gains come as Liberty expanded its customer base 7 percent with faster growth in broadband Internet and voice.

Liberty Global operates international cable networks, mostly in central and eastern Europe.

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