United International Holdings Changes Name to UnitedGlobalCom
June 7, 1999 08:14 PM
DENVER, June 7 /PRNewswire/ -- United International Holdings, Inc. UIHIA announced today that effective Monday, June 14, 1999 the Company's name will change to UnitedGlobalCom. In addition, the company has announced that, effective the same date, its new ticker symbol on Nasdaq will be UCOMA and its web site can be found at www.unitedglobal.com.
Gene Schneider, Chairman and CEO of UnitedGlobalCom, commented, "For the last 10 years, the management team of United International Holdings has dedicated itself to the development and operation of superior multi-channel television businesses in over 20 countries around the world. Today we are realizing the tremendous value inherent in our broadband networks with the successful launch of integrated video, voice and data services in a growing number of markets. Our new name -- UnitedGlobalCom -- is a true expression of our commitment to the global broadband communications business. And it honors a long tradition of excellence which dates back to our "predecessor" company, United Cable Television, and which can be found today in all United operations around the world."
UnitedGlobalCom ("United") is a leading provider of video, voice, data and programming services outside of the United States, with operations in over 20 countries throughout the world. Including announced transactions, United's operating systems reach approximately 11.2 million homes passed and serve approximately 5.5 million video subscribers, over 162,000 telephony access lines and over 40,000 internet access customers. Additionally, United's programming services reach over 6.4 million subscribers worldwide.
United's significant operating subsidiaries include:
-- United Pan-Europe Communications (Nasdaq: UPCOY), the largest pan-European broadband communications company which, through its local operations and branded products -- UPCtv, Priority Telecom and chello broadband -- provides a range of cable television, telephony and high-speed Internet services in 12 countries.
-- Austar United Communications, one of the largest broadband communications companies in Australia and New Zealand through its operating subsidiaries Austar Entertainment -- the largest pay TV operator in Regional Australia, XYZ Entertainment -- the largest single program provider in Australia, and Saturn Communications -- the only integrated provider of pay television, telephony and Internet services in New Zealand.
-- VTR Hipercable, the largest cable television operator in Chile and the most advanced broadband communications company in Latin America with a rapidly growing local telephony business.
SOURCE United International Holdings, Inc.
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