Investors overview | Virgin Media
,,,

Investor overview

 

Virgin Media provides four multi award-winning services: broadband, TV, mobile and home phone across the UK & Ireland. Virgin Media is a subsidiary of Liberty Global plc, the world's largest international cable company.

 

Virgin Media at a glance

 

 

13.8m homes passed

 

14.5m

homes passed

13.8m homes passed

 

5.8m

cable customers

13.8m homes passed

 

3m

mobile subscribers

13.8m homes passed

 

45k

businesses served

 

Our financial performance Q1 2017

Revenue (£m)


Revenue breakdown (£m)


RGUs (subscribers)


*Other revenue includes interconnect revenue, mobile handset sales and late fees

 

If you are looking for 8937 tax documents pertaining to the Liberty Global transaction, click here

 

Stock cost basis

On 7 June 2013, pursuant to a series of mergers, Virgin Media Inc. ("Virgin Media") merged into separate wholly-owned subsidiaries of Liberty Global plc ("New Liberty Global"). In the series of mergers, each outstanding share of Virgin Media common stock was exchanged for 0.2582 class A ordinary shares of New Liberty Global, 0.1928 class C ordinary shares of New Liberty Global and $17.50 in cash. The series of mergers are intended to qualify as a reorganization within the meaning of IRC Section 368(a)(1) and the shareholder's adjusted tax basis of the class A ordinary shares of New Liberty Global and class C ordinary shares of New Liberty Global received in exchange for the shareholder's Virgin Media common stock should be the same as the aggregate tax basis of the shareholder's Virgin Media common stock surrendered, decreased by the cash the shareholder received in the mergers, and increased by the amount of gain recognized with respect to the shareholder's Virgin Media common stock. Such aggregate tax basis should be allocated to the New Liberty Global shares received based on their relative fair market value.

More likely than not, the mergers with respect to Virgin Media qualify as a reorganization under IRC Section 368(a)(1)(A) by reason of IRC Section 368(a)(2)(D) and qualify for the exception to gain recognition under IRC Section 367(a) contained in Treas. Reg. Section 1.367(a)-3(c). If, however, the borrowings undertaken to fund the cash consideration paid to the Virgin Media shareholders in the mergers is taken into account, there is risk that the mergers will not satisfy the "substantially all" requirement under IRC Section 368(a)(2)(D) and thus will not qualify as a reorganization. For more information regarding the material tax considerations for the mergers, see the "The Mergers—Material Tax Considerations for the Mergers—Material U.S. Federal Income Tax Considerations" of the joint proxy statement/prospectus on Schedule 14A of Virgin Media as filed with the Securities and Exchange Commission on May 1, 2013. You should consult with a qualified tax advisor if you have questions regarding your tax treatment.

If you are a former Liberty Global, Inc. shareholder, please click here to find more information relating to tax treatment of this transaction

 

 

 

 

 

 

Results and reports

Click here to see Virgin Media's latest results on Liberty Global's website.


Contact us

Vani Bassi, Head of Investor Relations, Virgin Media

+44 (0)1256 752 347

vani.bassi@virginmedia.co.uk

For all other enquiries please click here

 

 


Email alerts 

To receive email alerts for investor releases and financial reports for Virgin Media sign up to Liberty Global's IR Alerts