Exhibit 99.1

UPC Holding B.V.

UPC Holding Reports Second Quarter 2011 Results

Amsterdam, the Netherlands — August 2, 2011: UPC Holding B.V. (“UPC Holding”) is today providing selected, preliminary unaudited financial and operating information for the three months (“Q2”) ended June 30, 2011. 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 unaudited condensed consolidated financial statements with the accompanying notes are expected to be posted prior to the end of August 2011.

Financial and operating highlights for the three months ended June 30, 2011, as compared to the results for the same period last year (unless noted) include:

·                  Organic RGU(1) additions increased 70% to 115,000

·                  Revenue increased 8% to €995 million, reflecting rebased(2) growth of 4%

·                  Operating cash flow (“OCF”)(3) improved 10% to €475 million, representing rebased growth of 6%

·                  Operating income increased by 31% year-over-year to €234 million

·                  Capital expenditures as a percentage of revenue decreased to 20% from 22%

·                  Approximately 85% of consolidated third-party debt is due 2016 and beyond

Financial Results

Our consolidated revenue for the three and six months ended June 30, 2011 increased by 8% for both periods to €995 million and €1.97 billion, respectively, as compared to the corresponding prior year periods. The year-over-year revenue increases were primarily attributable to a combination of favorable foreign currency (“FX”) movements resulting in part from a strengthening Swiss franc to the euro, higher organic subscription revenue driven largely by RGU growth of advanced services, and to a lesser extent, the impact from acquisitions. Adjusting to neutralize both the impact of FX movements and acquisitions, we achieved 4% rebased revenue growth for both the three and six months ended June 30, 2011, as compared to the three and six months ended June 30, 2010.

With respect to our second quarter rebased revenue growth, our European operations (“UPC Europe”) achieved year-over-year growth of 3%, of which our Western European and Central and Eastern European (“CEE”) regions accounted for rebased growth of 4% and 1%, respectively. Similar to our first quarter results, our Q2 performance in Western Europe was driven largely by our Irish and Dutch operations which achieved year-over-year rebased revenue growth of 11% and 6%, respectively. In addition to UPC Europe, our Chilean operation (“VTR”) delivered rebased revenue growth of 6% in the second quarter.

In terms of OCF, we achieved year-over-year increases of 10% for both the three and six months ended June 30, 2011, as compared to the respective 2010 periods. For those same periods, we generated OCF of €475 million and €937 million, respectively, which represented increases of €43 million and €82 million, respectively, over the comparable 2010 periods. On a rebased basis, we delivered 6% OCF growth in each of the aforementioned 2011 periods, reflecting in part our operational leverage and success in selling multi-play bundles. For the second quarter, we delivered rebased OCF growth of 8% in Western Europe, 4% in Chile and flat growth in CEE, as compared to Q2 2010. Of particular note, our highest growth operation in Q2 was Ireland, which generated 27% rebased OCF growth. In addition, our Swiss operation had its best quarterly rebased OCF performance in two years.

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Compared to our 6% rebased OCF growth in the second quarter, we would expect to report lower rebased OCF growth in Q3 due in part to more difficult year-over-year comparisons in certain markets including Switzerland and phasing of our marketing spend as compared to last year’s third quarter.

Our consolidated OCF margins(4) improved by 100 basis points to 47.8% for the three months ended June 30, 2011 and by 50 basis points to 47.5% for the six months ended June 30, 2011, as compared to the corresponding prior year periods. This improvement occurred despite the fact that the 2011 periods include the adverse impact of the Hungarian Tax(5), while the 2010 historical periods do not. As it pertains to our reported second quarter results, we increased our OCF margin in Western Europe by 200 basis points, with each of our operations showing improvement, led by our Irish and Swiss businesses. In Chile, VTR delivered a 60 basis point year-over-year decline to 41.1% in Q2, primarily as a result of higher customer acquisition and marketing costs due in part to its strong subscriber growth in the quarter and increased levels of promotional activity.

For the three months ended June 30, 2011, our capital expenditures declined to €202 million or 20% of revenue, as compared to €206 million or 22% of revenue for the corresponding prior year period. For the year-to-date 2011 period, capital expenditures increased €17 million to €409 million, as compared to the first half of 2010. This figure represented 21% of revenue for the first six months of the year, which was a slight decline from 22% of revenue for the prior-year period, largely as a result of VTR which experienced a year-over-year decrease of 600 basis points.

Subscriber Statistics

At June 30, 2011, our subscription base of 16.8 million RGUs, consisted of 9.1 million video, 4.5 million broadband internet and 3.2 million telephony services being provided to 9.9 million unique customers. Over the last twelve months, we increased our RGU base from 16.2 million at June 30, 2010, driven by organic growth of 480,000 RGUs and the impact of small in-market acquisitions.

For the three and six months ended June 30, 2011, we added 115,000 and 242,000 RGUs, respectively, representing more than 40% increases as compared to both prior-year periods. In both our regional CEE and Chilean operations, we saw increases in net organic RGU additions during the first half of 2011, as compared to the corresponding 2010 period. During the second quarter, our 115,000 subscriber additions included notable growth by VTR, which, led by strength in broadband, added 50,000 RGUs and had its best quarterly performance since 2007.

Our video losses of 55,000 and 108,000 for the quarter and six months ended June 30, 2011 improved by 32% and 36%, respectively, as compared to the same 2010 periods. This improvement was driven to a large extent by better performance in Romania. During the quarter and six months, we added 140,000 and 327,000 digital cable subscribers, respectively. As a result, we finished Q2 with 4.3 million digital cable RGUs and 51% digital penetration(6), which compares favorably to our 41% digital penetration at June 30, 2010. HD viewing quality and DVR functionality(7) continue to resonate with our digital cable customers, as 48% subscribe to one or both of these enhanced services. Over the past twelve months, we added an aggregate of 600,000 HD and/or DVR subscribers, growing our subscription base by 42%.

Propelled by the continued success of our triple-play offers, our three and six month telephony RGU additions of 86,000 and 164,000, represent increases of 32% and 4%, respectively, as compared to the corresponding 2010 periods. Meanwhile, our broadband internet additions of 84,000 and 187,000 for the three and six months ended June 30, 2011 increased modestly as compared to the respective prior year periods. With 3.0 broadband speeds of at least 100 Mbps commercially-available in all of our European markets, our bundles increasingly reflect our broadband superiority versus DSL-based services. As of June 30, 2011, approximately 65% of our European internet customers subscribe to a broadband tier of 20 Mbps or higher. Rounding out our 3.0-capable footprint, VTR launched next-generation broadband speeds in Q2 across its 2 million upgraded homes. Offering a 120 Mbps service, our Chilean operation increased its top broadband speed four-fold from just 30 Mbps one year ago.

Of our 9.9 million customers at June 30, 2011, roughly one in four subscribe to our full triple-play product suite. Over the last twelve months, more than 310,000 customers have become triple-play subscribers — a result that speaks to the strength and value of our offers. We look forward to aggressively promoting this strategy through strong marketing campaigns, in particular during our peak, fourth-quarter selling period.

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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:(8)

At June 30, 2011, we reported €8.2 billion of third-party debt and €217 million of cash and cash equivalents. As compared to March 31, 2011, our third-party debt decreased modestly, primarily as a result of the weakening of the U.S. dollar relative to the euro during the quarter. In terms of maturity and borrowing cost at June 30, 2011, approximately 85% of our third-party debt was due in 2016 and beyond and our debt borrowing cost(9) was approximately 8.6% on a fully-swapped basis.

Subsequent to quarter-end, on July 26, 2011, certain of our Facility L (July 2012) and Facility Q (July 2014) lenders agreed to roll all or part of their existing Facility L and Facility Q commitments into a new re-drawable term loan facility (Facility AA) in an aggregate principal amount of €414 million. In addition, on August 2, 2011, the existing Facility AA was increased by certain lenders (the Facility AA2 Lenders) in an aggregate principal amount of €290 million. Facilities AA and AA2 have a final maturity date of July 31, 2016 and bear interest at a rate of EURIBOR plus 3.25%. In connection with the execution of the Additional Facility AA2 Accession Agreement, €37 million of drawn Facility M commitments and $30 million (€21 million) of drawn Facility N commitments were novated to one of our subsidiaries.

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 the UPC Broadband Holding Bank Facility. As of June 30, 2011, UPC Broadband Holding had maximum undrawn commitments under Facilities Q and W of the UPC Broadband Holding Bank Facility of €471 million, of which we estimate that approximately €210 million will be available upon completion of our second quarter compliance reporting requirements.

Similarly, based on the results for June 30, 2011 and subject to the completion of second 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 3.87x, 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 4.72x.(10)

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UPC Broadband Holding Bank Facility

The following table details the key terms of the UPC Broadband Holding Bank Facility at June 30, 2011:

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 June 30, 2011, 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 projection of lower rebased OCF growth in Q3 and assessment of the reasons therefor, our continued ability to increase our organic RGU additions and further grow the penetration of our advanced services and our assessment of our 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 expectations with respect to our future capital expenditures as a percentage of revenue; 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/A and 10-Q. These forward-looking statements speak only as of the date of this release. We expressly disclaim any obligation or undertaking to

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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 the UPC Holding senior notes and the UPCB Finance Limited, UPCB Finance Limited II and UPCB Finance Limited III senior secured 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 June 30, 2011 results. The financial information contained herein is preliminary and subject to change. We presently expect to issue our unaudited condensed consolidated financial statements prior to the end of August 2011, 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 and the senior secured notes.

For more information, please contact:

(1)                 Please see footnotes to the operating data table for the definition of revenue generating units (“RGUs”). Organic figures exclude RGUs of acquired entities at the date of acquisition but include the impact of changes in RGUs from the date of acquisition. All subscriber/RGU additions or losses refer to net organic changes, unless otherwise noted.

(2)                 For purposes of calculating rebased growth rates on a comparable basis for all businesses that we owned during the respective period in 2011, we have adjusted our historical revenue and OCF for the three and six months ended June 30, 2010 to (i) include the pre-acquisition revenue and OCF of certain entities acquired during 2011 in the respective 2010 rebased amounts to the same extent that the revenue and OCF of such entities are included in our 2011 results and (ii) reflect the translation of our rebased amounts for the respective 2010 period at the applicable average exchange rates that were used to translate our 2011 results. In addition, our total rebased OCF growth rates, as well as the rebased OCF growth rates for Central and Eastern Europe and Total UPC Europe, reflect the impact of rebasing 2010 results for the “Hungarian Tax” as defined in note 5. Please see page 6 for supplemental information on rebased growth.

(3)                 Please see page 9 for our definition of operating cash flow and a reconciliation to operating income.

(4)                 OCF margin is calculated by dividing OCF by total revenue for the applicable period.

(5)                 The Hungarian Tax represents a revenue-based tax that was imposed in Hungary during the fourth quarter of 2010, with retroactive effect to the beginning of 2010.

(6)                 Digital penetration is calculated by dividing digital cable RGUs by the total of digital and analog cable RGUs.

(7)                 HD and DVR refer to high definition and digital video recorder services, respectively.

(8)                 UPCB Finance Limited, UPCB Finance Limited II and UPCB Finance Limited III are special purpose financing companies created for the primary purpose of issuing senior secured notes and are owned 100% by charitable trusts. We used the proceeds from the senior secured notes to fund Facilities V, Y and Z under the UPC Broadband Holding Bank Facility, with UPC Financing, our direct subsidiary, as the borrower. These special purpose financing companies are dependent on payments from UPC Financing under Facilities V, Y and Z in order to service their payment obligations under the senior secured notes. As such, these companies are variable interest entities and UPC Financing and its parent entities, including UPC Holding, are required by accounting principles generally accepted in the U.S. (“GAAP”) to consolidate these companies. Accordingly, the amounts outstanding under Facilities V, Y and Z eliminate within our condensed consolidated financial statements.

(9)                 Our fully swapped debt borrowing cost represents the weighted average interest rate on our aggregate variable and fixed rate indebtedness, including the effects of derivative instruments, discounts and commitment fees, but excluding the impact of financing costs.

(10)          Our covenant calculations are based on debt amounts which take into account currency swaps calculated at weighted average FX rates across the period. Thus, the debt used in the calculations may differ from the debt balances reported within the financial statements.

(11)          Amounts represent total third-party commitments at June 30, 2011 without giving effect to the impact of discounts. Certain of the originally committed amounts under Facilities L, M, and N have been novated to one of our subsidiaries, and accordingly, such amounts are not included in the table.

(12)          The Facility T amount includes the impact of discounts.

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Revenue and Operating Cash Flow

In the following tables, we present preliminary revenue and operating cash flow by reportable segment of our continuing operations for the three and six months ended June 30, 2011, as compared to the corresponding prior year periods. All of the reportable segments derive their revenue primarily from broadband communications or direct-to-home satellite (“DTH”) services, including video, broadband internet and telephony services. Most segments also provide business-to-business services. At June 30, 2011, our operating segments in the UPC Europe division provided services in nine European countries. Our Other Western Europe segment includes our broadband communications operating segments in Austria and Ireland. Our Central and Eastern Europe segment includes our broadband communications operating segments in the Czech Republic, Hungary, Poland, Romania and Slovakia. UPC Europe’s central and other category includes (i) UPC DTH, (ii) costs associated with certain centralized functions, including billing systems, network operations, technology, marketing, facilities, finance and other administrative functions and (iii) intersegment eliminations within UPC Europe. VTR provides broadband communications services in Chile.

Beginning in the first quarter of 2011, UPC DTH, which is a Luxembourg-based organization that provides DTH services to customers in the Czech Republic, Hungary, Romania and Slovakia, is reported within UPC Europe’s central and other category. Prior to this change, the UPC DTH operating results were reported within UPC Europe’s Central and Eastern Europe segment. In addition, certain backbone costs incurred by UPC Europe were previously included in the operating expenses of UPC Europe’s central and other category. Beginning in the first quarter of 2011, these backbone costs are included within the operating expenses of the applicable UPC Europe operating segment based on usage. Segment information for all periods presented has been restated to reflect the changes described above.

For purposes of calculating rebased growth rates on a comparable basis for all businesses that we owned during 2011, we have adjusted our historical revenue and OCF for the three and six months ended June 30, 2010 to (i) include the pre-acquisition revenue and OCF of certain entities acquired during 2011 in our rebased amounts for the three and six months ended June 30, 2010 to the same extent that the revenue and OCF of such entities are included in our results for the three and six months ended June 30, 2011 and (ii) reflect the translation of our rebased amounts for the three and six months ended June 30, 2010 at the applicable average foreign currency exchange rates that were used to translate our results for the three and six months ended June 30, 2011. In addition, we have reduced our total OCF, as well as the OCF of Central and Eastern Europe and Total UPC Europe, for the three and six months ended June 30, 2010 to rebase for the Hungarian Tax that was imposed during the fourth quarter of 2010. The 2010 OCF reduction was computed as if the Hungarian Tax had been imposed at the beginning of 2010. As a result, our rebased OCF for the three and six months ended June 30, 2010 includes a reduction for the Hungarian Tax of HUF 851 million (€3.2 million) for the three month period and HUF 1,577 million (€5.9 million) for the six month period. This compares to a reduction to OCF that is included in our actual results for the three and six months ended June 30, 2011 of HUF 857 million (€3.2 million) and HUF 1,582 million (€5.9 million), respectively.

The acquired entities that have been included in whole or in part in the determination of our rebased revenue and OCF for the three and six months ended June 30, 2010 include two small acquisitions in Europe. We have reflected the revenue and OCF of these acquired entities in our 2010 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 entities and (iv) other items we deem appropriate. We do not adjust pre-acquisition periods to eliminate non-recurring items or to give retroactive effect to any changes in estimates that might be implemented during post-acquisition periods. As we did not own or operate the acquired businesses during the pre-acquisition periods, no assurance can be given that we have identified all adjustments necessary to present the revenue and OCF of these entities on a basis that is comparable to the corresponding post-acquisition amounts that are included in our historical results or that the pre-acquisition financial statements we have relied upon do not contain undetected errors. The adjustments reflected in our 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 these transactions had occurred on the dates assumed for purposes of calculating our rebased amounts or the revenue and OCF that will occur in the future. The rebased growth percentages have been presented as a basis for assessing growth rates on a comparable basis, and are not presented as a measure of our pro forma financial performance. 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 June 30, 2011 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 and (iii) the percentage change from period to period on a rebased basis.

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Revenue

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Operating Cash Flow

(1)  In addition to rebasing for currency exchange rates and acquisitions, we have also rebased for the Hungarian Tax that was imposed in the fourth quarter of 2010. This impacts the Central and Eastern Europe, Total UPC Europe and Total line items. Please see page 6 for supplemental information.

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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 selling, general and administrative expenses (excluding stock-based compensation, related-party fees and allocations, depreciation and amortization and impairment, restructuring and other operating charges). Other operating charges include (i) gains and losses on the disposition of long-lived assets, (ii) direct acquisition costs, such as third-party due diligence, legal and advisory costs, and (iii) other acquisition-related items, such as gains and losses on the settlement of contingent consideration. 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 June 30, 2011, March 31, 2011, and June 30, 2010:

ARPU per Customer Relationship Table

The following table provides ARPU per customer relationship(2) for the indicated periods:

(2)                 ARPU per customer relationship refers to the average monthly subscription revenue per average customer relationship and is calculated by dividing the average monthly subscription revenue (excluding installation, late fees and mobile telephony revenue) for the indicated period, by the average of the opening and closing balances for customer relationships for the period. Customer relationships of entities acquired during the period are normalized. Unless otherwise indicated, ARPU per customer relationship for UPC Europe and UPC Holding are not adjusted for currency impacts.

(3)                 FX neutral percentage change represents the percentage change on a year-over-year basis adjusted for FX impacts. Average FX rates for the applicable 2011 period are applied to the 2010 results.

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Operating Data — June 30, 2011 - UPC Holding Consolidated

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Subscriber Variance Table — June 30, 2011 vs. March 31, 2011 - UPC Holding Consolidated