Liberty Global Plc (LBTYA), the cable company controlled by American billionaire John Malone, reported fourth-quarter sales of $4.47 billion, falling short of analysts estimates.

Sales advanced 71 percent from a year earlier, spurred by acquisitions including Virgin Media, the London-based company said in a statement yesterday. Analysts had projected $4.58 billion. The net loss attributable to Liberty Global shareholders narrowed to $121.2 million, or 31 cents a share, from $331.3 million, or $1.27 a year earlier.

Liberty Global, which has spent almost $50 billion to consolidate Europes cable industry in recent years, agreed to buy Ziggo NV, the Dutch broadband operator, for 4.9 billion euros ($6.7 billion) last month. Liberty is facing increased competition from rivals including Vodafone Group Plc (VOD) vying for the continents remaining cable assets.

We delivered our third consecutive year of more than 1 million organic subscriber additions, Chief Executive Officer Mike Fries said in the statement. The fourth quarter was our strongest quarter of the year, he said.

The company expects to deliver adjusted free cash flow of about $2 billion this year, Fries said.

Liberty Global fell 0.1 percent to $84.11 yesterday in New York.

(The company plans a conference call at 9 a.m. New York time today. Dial +1-877-545-1414.)

To contact the reporter on this story: Kristen Schweizer in London at kschweizer1@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

Read the original:

Malones Liberty Global Reports Sales That Miss Analysts Views

Liberty Videocon General Insurance Company, a joint venture between Indias Videocon Industries Limited and Liberty Citystate Holdings Pte Limited, part of US-headquartered Liberty Mutual Insurance Group, launched their safety initiative in India.

Globally, Liberty International of which Liberty Videocon General Insurance Company is a part of promotes safety as a philosophy. The group helps to improve the safety and health of people throughout the world. Now, with the groups presence in India, it is aiming to penetrate the aspect of occupational safety and health in India.

David Melton, Managing Director Global Safety, Liberty Mutual Research Institute for Safety, which is a part of Liberty International, launched the Groups Safety Initiative in India.

Launching this initiative, David Melton said, Globally, we are reckoned as safety leaders when it comes to occupational safety. We were the first ever insurance companies fifty year back that thought of promoting safety across the globe. Today, we are quite successful because of our scientific work, innovations and interventions around the aspect of safety. Looking at Indian scenario, we believe, there is a tremendous scope for educating people at large about occupational safety, be it road safety, health safety or safety while in public life. We will address the issues and attempt to educate our intermediaries, customers and people at large on the safety issues.

Commenting on this initiative, Roopam Asthana, CEO and Director of Liberty Videocon General Insurance Company said, We are now accelerating our efforts in promoting safety aspects in India in line with our global philosophy. We will initially promote road safety in India to begin with. It is a thought leadership platform dedicated to improve road safety conditions.

Read this article:

Liberty Videocon General Insurance launches Safety Initiative in India