Virgin Media 2010 Annual Report Download - page 7

On January 10, 2003, NTL emerged from reorganization under Chapter 11 of the U.S. Bankruptcy Code.
Pursuant to the plan of reorganization, NTL’s former parent, NTL Europe, and its subsidiaries and affiliates were
split into two separate groups, with NTL and NTL Europe each emerging as independent public companies. We
were renamed NTL Incorporated and became the holding company for the former NTL group’s principal U.K.
and Ireland assets. NTL Europe became the holding company for the former NTL group’s continental European
and various other assets. All of the outstanding securities of NTL Incorporated’s former parent and some of its
subsidiaries, including NTL Incorporated, were cancelled. NTL Incorporated issued shares of its common stock
and Series A warrants, and NTL Europe issued shares of its common stock and preferred stock, to various former
creditors and stockholders. As a result, NTL Incorporated is no longer affiliated with NTL Europe.
On March 3, 2006, NTL Incorporated was renamed NTL Holdings Inc., and merged with a subsidiary of
Telewest Global, Inc., or Telewest, by means of a reverse acquisition. The resulting parent entity was renamed
NTL Incorporated. The financial information included in this annual report on Form 10-K for the period through
March 3, 2006 is that of NTL Holdings Inc., which is now known as Virgin Media Holdings Inc. For the period
since March 3, 2006 our information reflects the reverse acquisition of Telewest.
On July 4, 2006, we expanded our product portfolio to include mobile telephony services with the
acquisition of Virgin Mobile Holdings (U.K.) Limited, or Virgin Mobile, through a U.K. Scheme of
Arrangement. In connection with the acquisition of Virgin Mobile we also entered into a license agreement with
Virgin Enterprises Limited under which we are licensed to use certain Virgin trademarks within the U.K. and
Ireland. We subsequently rebranded our consumer and a large part of our former content businesses under the
name “Virgin Media” in 2007. We also changed the name of our corporate parent from NTL Incorporated to
Virgin Media Inc. and the corporate names of certain of our subsidiaries, including:
• NTL Investment Holdings Limited, the principal borrower under our senior credit facility, to Virgin
Media Investment Holdings Limited;
• NTL Cable PLC, the issuer of our public bonds, to Virgin Media Finance;
• NTL Group Limited, a principal operating subsidiary, to Virgin Media Limited;
• NTL Communications Limited to Virgin Media Communications Limited; and
• NTL Holdings Inc. to Virgin Media Holdings Inc.
On February 11, 2010, we also rebranded our business division, ntl:Telewest Business, to Virgin Media
Business.
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