Exhibit 99.1

UPC Holding B.V.

UPC Holding B.V. Provides Selected Financial

Information for the Period Ended March 31, 2010

Amsterdam, the Netherlands — May 7, 2010: UPC Holding B.V. (“UPC Holding”) is today providing selected, preliminary unaudited financial and operating information for the three months (“Q”) ended March 31, 2010. UPC Holding is an indirectly owned subsidiary of Liberty Global, Inc. (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and LBTYK). A copy of this press release will be posted to the Liberty Global website (www.lgi.com). In addition, UPC Holding’s condensed consolidated financial statements with the accompanying notes are expected to be posted prior to the end of May 2010.

Financial and operating highlights for the quarter ended March 31, 2010 as compared to the results for the same period last year (unless noted) include:(1)

·                  Organic RGU(2) additions of 105,000 in Q1, reflecting a year-over-year increase of 36%

·                  Revenue of €895 million, reflecting reported growth of 5% and rebased(3) revenue growth of 2%

·                  Operating cash flow (“OCF”)(4) of €423 million, representing growth of 6% and rebased OCF growth of 2%

·                  OCF margin(5) of 47.3% in Q1, comparable to Q1 2009

·                  Operating income increased 28% to €162 million

·                  Capital expenditures decreased by €34 million or approximately 500 basis points to 21% of revenue

Financial Results

For the three months ended March 31, 2010, our reported revenue increased 5% to €895 million, as compared to the respective 2009 period. Reported growth was due to the year-over-year strengthening of our Swiss, Central and Eastern European (“CEE”) and Chilean functional currencies relative to the euro and organic growth. The latter consisted of a combination of subscription revenue growth, led by broadband internet, and non-subscription revenue growth, led by positive year-over-year growth in business-to-business. As compared to the first quarter of 2009, we generated rebased revenue growth of 2% for the three-month period when excluding foreign currency (“FX”) movements and acquisitions.

In terms of rebased revenue growth, our European operations (“UPC Europe”) realized a 2% increase in Q1 2010 and our Chilean operation (“VTR”) posted flat rebased revenue growth in the quarter, as compared to the corresponding prior year period. Our Q1 rebased revenue growth improved as compared to 2009 levels. This was due in part to UPC Europe, which posted its third consecutive quarter of higher rebased revenue growth. Of particular note, our Irish and Polish operations grew in excess of 10% and the Netherlands grew at 4%, or more than double its full-year 2009 rebased growth rate. Offsetting these positive country developments, we continue to face substantial competitive pressure in Hungary and Romania, which is adversely affecting our rebased growth rate in CEE. Additionally, our consolidated rebased revenue growth in Q1 would have been modestly higher if not for the February Chilean earthquake (see Recent Event), as we estimate that VTR’s growth would have been at least 2% in Q1 2010 as compared to the flat growth noted above.

In the first quarter of 2010, our OCF increased 6% to €423 million, as compared to €400 million for the three months ended March 31, 2009. This improvement was driven largely by FX movements and to a lesser extent, organic growth. Adjusting for FX and acquisition effects, our rebased OCF grew 2% for the three months ended March 31, 2010, with UPC Europe generating 3% rebased growth and VTR realizing a rebased OCF decline. Driving our rebased growth in the quarter were double-digit growers in Poland and Ireland with several of our

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CEE operations, particularly Hungary and Romania, experiencing year-over-year rebased OCF declines. If we adjust for the direct impact of the Chilean earthquake (see Recent Event), we estimate that our Chilean business would have generated rebased OCF growth of approximately 5% in Q1, as compared to the reported 3% rebased OCF decline.

For the three months ended March 31, 2010, our OCF margin was 47.3%, which compares to an OCF margin of 47.1% for the respective prior year period. Our OCF margin in Q1 2010 was aided in part by a reduction in costs at UPC Europe’s central operations in the quarter. Geographically, our Western European OCF margin was flat year-over-year, while CEE and VTR declined 140 basis points and 80 basis points, respectively.

Subscriber Statistics

At March 31, 2010, we served 10.1 million customers on our footprint covering 16.5 million homes. We provided 16.1 million subscription services to our customers, with video, broadband internet and telephony accounting for 58%, 25% and 17% of our total RGUs, respectively. The increase of 86,000 RGUs from December 31, 2009 to March 31, 2010 includes the addition of 105,000 organic additions, partially offset by non-organic adjustments totaling approximately 19,000 RGUs, including the loss of 15,500 RGUs in Chile due to the earthquake.

Of our 105,000 organic additions in Q1 2010, 78,000 were generated in Western Europe, with CEE and Chile contributing 22,000 and 5,000 organic additions, respectively. Our top performers in the quarter were the Netherlands with 47,000 and Poland with 26,000 additions, respectively. On a year-over-year basis, our total organic additions increased 36% over the quarter ended March 31, 2009, as we realized year-over-year improvements in each of our Western European markets. Offsetting our improvement in Western Europe, our Romanian operation lost 24,000 RGUs in Q1 2010 as compared to a gain of 15,000 in Q1 2009 due in part to an increasingly competitive environment, while our Chilean operation added only 5,000 organic subscribers in Q1 2010 as compared to 30,000 in Q1 2009, due in part to the adverse effect of the February earthquake.

From a product perspective, our quarterly organic RGU additions consisted of gains of 100,000 and 93,000 broadband internet and telephony subscribers, respectively, and an organic video subscriber loss of 88,000. As compared to the first quarter of 2009, our broadband internet and telephony organic additions increased 27% and 16%, respectively. These additions were driven in part by sales of our “Fiber Power” data products and demand for our bundled offers, including our triple-play “Dream Deal” in the Netherlands. In particular, our Dutch operation carried its momentum from 2009 into Q1 2010, as they reported a combined 61,000 organic broadband internet and telephony quarterly additions versus a gain of 23,000 in Q1 2009. In terms of EuroDOCSIS 3.0, we have the ability to market next-generation broadband speeds to approximately 8.8 million homes or over 60% of UPC Europe’s two-way footprint and in particular, we expect that our “Fiber Power” products, as we have seen in the Netherlands, will be an important driver of our overall subscriber growth throughout the remainder of the year.

In the first quarter of 2010, our organic video subscriber loss was 88,000 consisting of 87,000 at UPC Europe and 1,000 at VTR. This compares to an organic loss of 82,000 video subscribers in the respective prior year period, including a similar loss of 87,000 at UPC Europe, but a gain of 5,000 subscribers at VTR. The slight increase in our video subscriber loss in Q1 2010 was driven in part by our Romanian operation, which accounted for approximately 34% of our overall video loss. On the positive side, our Dutch operation improved significantly year-over-year, recording a loss of only 14,000 video subscribers in Q1 2010, as compared to a loss of 31,000 in Q1 2009.

Once again, digital cable was our strongest product in the quarter, as we had 191,000 organic additions, including 174,000 at UPC Europe and 17,000 at VTR. Relative to Q1 2009, our Dutch, Irish, and Swiss operations showed the most improvement in terms of organic additions, with our Dutch business posting its second straight quarter of over 40,000 digital cable additions. On a consolidated basis, we finished Q1 2010 with 3.4 million digital cable RGUs and overall digital penetration(6) of 39%, with VTR at 61% and UPC Europe at 37%. With an analog(7) video base in excess of 5.4 million subscribers, we see a significant growth opportunity, as we look to continue migrating these subscribers to digital. Additional sell-through opportunities exist with respect to our digital video base including enhanced channel packages, DVR, HD and VoD.(8) We ended the first quarter with

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approximately 36% of our total digital cable base taking a DVR and/or an HD product, as we added over 130,000 DVR and/or HD RGUs in the quarter.

Recent Event

On February 27, 2010, certain areas served by VTR’s broadband communications network in Chile experienced a significant earthquake. The earthquake destroyed over 24,000 homes that were passed by VTR’s broadband communications network, resulting in the loss of an estimated 15,500 RGUs or less than 1% of VTR’s total RGU base. With the exception of these destroyed homes, service had been restored to substantially all of VTR’s remaining customers as of March 31, 2010.(9)

Summary of Third-Party Debt and Cash and Cash Equivalents

The following table details our consolidated third-party debt and cash and cash equivalents as of the indicated periods:

At March 31, 2010, we reported €8.0 billion of third-party debt and €135 million of cash and cash equivalents. As compared to December 31, 2009, our third-party debt decreased by €244 million, due largely to (i) the assignment of the rights and obligations under the VTR Bank Facility by the lender to one of our subsidiaries, the consideration for which was the restricted cash we held against the facility, and (ii) a €432 million net reduction in our UPC Broadband Holding Bank Facility. This reduction was partially offset by (i) our capital raise of €500 million of 7.625% Senior Secured Notes due 2020 (“UPCB Senior Secured Notes”) by UPCB Finance Limited (“UPCB Finance”)(12) and (ii) the FX impact associated with our U.S. dollar-denominated debt, as a result of the euro weakening relative to the U.S. dollar during the first quarter.

During Q1 2010, we continued to actively manage our balance sheet as we extended approximately €371 million of maturities at the UPC Broadband Holding Bank Facility and raised the 10-year UPCB Senior Secured Notes. Through 2012, less than 1% of our debt will mature. In addition at Q1 2010, we estimate that, on a fully swapped basis, our debt borrowing cost(13) was approximately 8.2%.

Subsequent to March 31, 2010, we have extended the maturities of an additional €830 million of debt from the 2013 — 2014 period to 2015 — 2017 by rolling (i) €26 million of commitments under Facility M into Facility W (ii) $37 million (€27 million) and $10 million (€7 million) of commitments under Facility P into Facilities R and T, respectively and (iii) $1,043 million (€771 million) of commitments under Facility N into a new term loan facility (“Facility X”)(14). As a result, over 75% of our debt is due in 2015 and beyond.

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Borrowing Capacity & Covenant Calculations

UPC Broadband Holding B.V. (“UPC Broadband Holding”), our wholly-owned subsidiary, is a borrower and we are a guarantor of outstanding indebtedness under a senior secured credit facility (the “UPC Broadband Holding Bank Facility”). As of March 31, 2010 and upon completion of our first quarter compliance reporting requirements, UPC Broadband Holding had maximum undrawn commitments under Facilities L, Q and W of the UPC Broadband Holding Bank Facility of €770 million, of which we estimate that approximately €138 million will be available.

Similarly, based on the results for March 31, 2010 and subject to the completion of first quarter bank reporting requirements, (i) the ratio of Senior Debt to Annualized EBITDA (last two quarters annualized), as defined and calculated in accordance with the UPC Broadband Holding Bank Facility, was 3.81x,(15) and (ii) the ratio of Total Debt to Annualized EBITDA (last two quarters annualized), as defined and calculated in accordance with the UPC Broadband Holding Bank Facility was 4.76x.(15)

UPC Broadband Holding Bank Facility

The following table details the key terms of the UPC Broadband Holding Bank Facility at March 31, 2010:

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About UPC Holding

UPC Holding connects its customers to the world of entertainment, communications and information, by offering advanced video, voice and broadband internet services. As of March 31, 2010, UPC Holding operated state-of-the-art networks in Europe and Chile, serving 10 million customers in 10 countries.

Disclaimer

This press release contains forward-looking statements, including our expectations with respect to our outlook and future growth prospects, including our continued ability to increase our organic RGU additions and further grow the penetration of our advanced services, our estimate of the impact of the Chilean earthquake, and our assessment of liquidity and access to capital markets, including our borrowing availability and ability to continue to do opportunistic refinancings and debt maturity extensions; our expectations with respect to the timing and impact of our expanded roll-out of advanced products and services, including our next-generation broadband services and advanced digital video features; our insight and expectations regarding competitive and economic factors in our markets; the impact of our M&A activity on our operations and financial performance; and other information and statements that are not historical fact. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. These risks and uncertainties include the continued use by subscribers and potential subscribers of our services and their willingness to upgrade to our more advanced offerings, our ability to meet challenges from competition and economic factors, the continued growth in services for digital television at a reasonable cost, the effects of changes in technology and regulation, our ability to achieve expected operational efficiencies and economies of scale, our ability to generate expected revenue and operating cash flow, control capital expenditures as measured by a percentage of revenue and achieve assumed margins, the impact of our future financial performance, or market conditions generally, on the availability, terms and deployment of capital, as well as other factors detailed from time to time in Liberty Global’s filings with the Securities and Exchange Commission including Liberty Global’s most recently filed Forms 10-K and 10-Q. These forward-looking statements speak only as of the date of this release. We expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

We are required under the terms of the indentures for our Senior Notes to provide certain financial information regarding UPC Holding to bondholders on a quarterly basis. UPC Broadband Holding, our wholly-owned subsidiary, is a borrower and we are a guarantor of outstanding indebtedness under the UPC Broadband Holding Bank Facility, which also requires the provision of certain financial and related information to the lenders. This press release is being issued at this time, in connection with those obligations, due to the contemporaneous release by Liberty Global of its March 31, 2010 results. The financial information contained herein is preliminary and subject to change. We presently expect to issue our condensed consolidated financial statements prior to the end of May 2010, at which time they will be posted to the investor relations section of the Liberty Global website (www.lgi.com) under the fixed income heading. Copies will also be available from the Trustee for the Senior Notes.

For more information, please contact:

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Revenue and Operating Cash Flow

The following tables present preliminary revenue and operating cash flow by reportable segment for the three months ended March 31, 2010, as compared to the corresponding prior year period. All of the reportable segments derive their revenue primarily from broadband communications and/or DTH services, including video, voice and broadband internet services. Certain segments also provide business-to-business services. At March 31, 2010, our operating segments in the UPC Europe division provided services in nine European countries and in Chile under VTR. Our Other Western Europe segment includes our operating segments in Austria and Ireland. Our Central and Eastern Europe segment includes our operating segments in the Czech Republic, Hungary, Poland, Romania and Slovakia.

During the first quarter of 2010, we initiated the process of centralizing UPC Europe’s DTH operations into a Luxembourg-based organization and began reporting the DTH operations under a centralized management structure within UPC Europe’s Central and Eastern Europe reportable segment. Previously, these operations, which provide DTH services to customers in the Czech Republic, Hungary, Romania and Slovakia, were managed by the respective local management in these countries with support from UPC Europe’s central operations, and accordingly, were previously included in the results of UPC Europe’s Central and Eastern Europe and central operations segments. As a result of this change, the DTH operating results that were previously reported in UPC Europe’s central operations are now reported within UPC Europe’s Central and Eastern Europe segment.

Segment information for all periods presented has been restated to reflect the above-described change, give effect to the Q4 2009 Common Control Transfer (as discussed on page 5) and present UPC Slovenia as a discontinued operation. We present only the reportable segments of our continuing operations in the following tables.

For purposes of calculating rebased growth rates on a comparable basis for all businesses that we owned during 2010, we have adjusted our historical revenue and OCF for the three months ended March 31, 2009 to (i) include the pre-acquisition revenue and OCF of certain entities acquired during 2009 and 2010 in our rebased amounts for the three months ended March 31, 2009 to the same extent that the revenue and OCF of such entities are included in our 2010 results and (ii) reflect the translation of our rebased amounts for the three months ended March 31, 2009 at the applicable average exchange rates that were used to translate our 2010 results. The acquired entity that has been included in the determination of our rebased revenue and OCF for the three months ended March 31, 2009 is one small acquisition in Europe. We have reflected the revenue and OCF of this acquired entity in our 2009 rebased amounts based on what we believe to be the most reliable information that is currently available to us (generally pre-acquisition financial statements), as adjusted for the estimated effects of (i) any significant differences between GAAP and local generally accepted accounting principles, (ii) any significant effects of post-acquisition purchase accounting adjustments, (iii) any significant differences between our accounting policies and those of the acquired entity and (iv) other items we deem appropriate. As we did not own or operate the acquired business during the pre-acquisition periods, no assurance can be given that we have identified all adjustments necessary to present the revenue and OCF of this entity on a basis that is comparable to the corresponding post-acquisition amounts that are included in our historical 2009 results or that the pre-acquisition financial statements we have relied upon do not contain undetected errors. The adjustments reflected in our 2008 rebased amounts have not been prepared with a view towards complying with Article 11 of the Securities and Exchange Commission’s Regulation S-X. In addition, the rebased growth percentages are not necessarily indicative of the revenue and OCF that would have occurred if this transaction had occurred on the date assumed for purposes of calculating our rebased 2009 amounts or the revenue and OCF that will occur in the future. The rebased growth percentages have been presented as a basis for assessing 2010 growth rates on a comparable basis, and are not presented as a measure of our pro forma financial performance for 2009. Therefore, we believe our rebased data is not a non-GAAP financial measure as contemplated by Regulation G or Item 10 of Regulation S-K.

The selected financial data contained herein is preliminary and unaudited and subject to possible adjustments in connection with the publication of UPC Holding’s March 31, 2010 unaudited condensed consolidated financial statements. In each case, the following tables present (i) the amounts reported by each of our reportable segments for the comparative periods, (ii) the Euro change and percentage change from period to period, (iii) the percentage change from period to period, after removing foreign currency translation effects (FX), and (iv) the percentage change from period to period on a rebased basis. The comparisons that exclude FX assume that exchange rates remained constant during the periods that are included in each table.

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Revenue

Operating Cash Flow

N.M. — Not Meaningful

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Operating Cash Flow Definition and Reconciliation

Operating cash flow is not a GAAP measure. Operating cash flow is the primary measure used by our chief operating decision maker to evaluate segment operating performance. Operating cash flow is also a key factor that is used by our internal decision makers to (i) determine how to allocate resources to segments and (ii) evaluate the effectiveness of our management for purposes of annual and other incentive compensation plans. As we use the term, operating cash flow is defined as revenue less operating and SG&A expenses (excluding stock-based compensation, related-party fees and allocations, depreciation and amortization and impairment, restructuring and other operating charges or credits). Other operating charges or credits include gains and losses on the disposition of long-lived assets and direct acquisition costs, such as third-party due diligence, legal and advisory costs. Our internal decision makers believe operating cash flow is a meaningful measure and is superior to other available GAAP measures because it represents a transparent view of our recurring operating performance that is unaffected by our capital structure and allows management to (i) readily view operating trends, (ii) perform analytical comparisons and benchmarking between segments and (iii) identify strategies to improve operating performance in the different countries in which we operate. We believe our operating cash flow measure is useful to investors because it is one of the bases for comparing our performance with the performance of other companies in the same or similar industries, although our measure may not be directly comparable to similar measures used by other public companies. Operating cash flow should be viewed as a measure of operating performance that is a supplement to, and not a substitute for, operating income, net earnings (loss), cash flow from operating activities and other GAAP measures of income or cash flows. A reconciliation of total segment operating cash flow to our operating income is presented below.

Capital Expenditure Summary

The following table provides UPC Holding capital expenditures for the indicated periods:

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Customer Breakdown and Bundling

The following table provides information on the geography of our customer base and highlights our customer bundling metrics at March 31, 2010, December 31, 2009, and March 31, 2009:

ARPU per Customer Relationship Table

The following table provides ARPU per customer relationship(1) for the indicated periods:

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Operating Data Table

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