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Liberty Global 1Q loss widens on higher interest expense



07 May 2008 @ 05:22 pm EST

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

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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.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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