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A 10m broadband base should drive additional cash flow of £100m.
The deal was supposed to bring Yahoo $250 million to $450 million in additional cash flow in the first year.
In the highly leveraged real estate business, a small amount of additional cash flow makes a big difference to profits.
Even so, AOL Time Warner probably cannot count on the unit to deliver much more than $50 million to $100 million in additional cash flow.
"The QVC transaction really did not reduce our financial capabilities at all; it enhances them," he said, because Liberty will be getting additional cash flow.
Now that the unit is broadly offering cable modem and digital television service -- features that can generate additional revenue -- it appears set to contribute perhaps $350 million in additional cash flow this year.
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"Since we have changed out business model to more corporate licensing customers we have also got additional cash-flow… the company it not that equity heavy at all any more," he adds.
Yahoo has said the deal will bring it $250 million to $450 million in additional operating cash flow in the first year.
The deal was supposed to bring Yahoo $250 million to $450 million in additional operating cash flow in the first year.
The company has said it hopes to receive $250 million to $450 million in additional operating cash flow from the agreement in its first year.
Since then, Yahoo signed a search advertising partnership with Google, which was expected to be in place by early October and to bring $250 million to $450 million in additional operating cash flow to Yahoo in the first year.
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