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Telenet NV Mechelen, August 5, 2008 - Telenet Group Holding NV ("Telenet" or the "Company") (Euronext Brussels: TNET) announces its consolidated results under International Financial Reporting Standards as adopted by the European Union ("EU GAAP") for the six months ended June 30, 2008.
HIGHLIGHTS
* Continued strong growth in broadband, fixed telephony and digital TV subscriber base, adding a net aggregate 181,000 subscribers during the first half of 2008; * Revenue of €492.5 million, up 8% versus prior year; * EBITDA of €242.4 million, up 11%, yielding an EBITDA margin of 49.2%; * Operating profit of €115.7 million, up 12%; * Capital expenditures of €98.3 million, representing 20% of revenue; * Free Cash Flow of €87.6 million, equivalent to 18% of revenue and flat versus prior year; * Full year EBITDA growth outlook increased to 8%-10% vs. prior year from 6%-8%; * Final agreement with Interkabel achieved; financial consolidation of activities expected by October 2008.
