UPC's net loss more than tripled for the year

Article Abstract:

United Pan-Europe Communications NV announced that its 1999 net losses more than tripled over the year before. The company posted a 784.3 million euros loss for the year, compared with 255.6 million euros in 1998.

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Goldman Sachs is stuck with big UPC loan

Article Abstract:

Goldman Sachs Group Inc. has been left with a $2 billion (2.22 billion euros) loan belonging to United Pan-Europe Communications NV. Goldman consequently has little room for maneuver following a failed action against two rival investment banks.

United States, Securities Dealers, Investment Banking and Securities Dealing, Receipt of funds, Security brokers and dealers, Use of Funds, Securities industry, The Goldman Sachs Group Inc.

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UPC's loss is lower than expected

Article Abstract:

United Pan-Europe Communications NV posted a lower-than-expected net loss of 368.2 million euros for the 2000 second-quarter. The company was expected to report a 440 million euros loss.

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