Debt

Debt/

Subs.

Globo Cabo

2,138

Cablevision (NY)

1,923

3,403

Comcast (Center/East Coast)

703

3,342

Cox (West Coast)

1,283

3,842

3,904

Debt/

EBITDA

1,540

5.9

5.9

7.8

6.3

Debt - Comparable Table

Europe Industry

Argentine Industry

FV/

Subs.

8.4

5.3

Source: companies´annual reports (US GAAP)

535

2,372

3Q00 - in US$

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