Virgin Media 2011 Annual Report Download - page 3

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995
Various statements contained in this document constitute “forward-looking statements” as that term is
defined under the Private Securities Litigation Reform Act of 1995. Words like “believe,” “anticipate,” “should,”
“intend,” “plan,” “will,” “expects,” “estimates,” “projects,” “positioned,” “think,” “strategy,” and similar
expressions identify these forward-looking statements, which involve known and unknown risks, uncertainties
and other factors that may cause our actual results, performance or achievements or industry results to be
materially different from those contemplated, projected, forecasted, estimated or budgeted, whether expressed or
implied, by these forward-looking statements. These factors, among others, include the following:
• We operate in highly competitive markets which may lead to a decrease in our revenue, increased
costs, customer churn or a reduction in the rate of customer acquisition
• The sectors in which we compete are subject to rapid and significant changes in technology, and the
effect of technological changes on our businesses cannot be predicted
• Our fixed line telephony revenue is declining and unlikely to improve
• A failure in our network and information systems could significantly disrupt our operations, which
could have a material adverse effects on those operations, our business, our results of operations and
financial conditions
• Unauthorized access to our network resulting in piracy could result in a loss of revenue
• We rely on third-party suppliers and contractors to provide necessary hardware, software or operational
support and are sometimes reliant on them in a way which could economically disadvantage us
• The “Virgin” brand is not under our control and the activities of the Virgin Group and other licensees
could have a material adverse effect on the goodwill of customers towards us as a licensee
• Our inability to provide popular programming or to obtain it at a reasonable cost could potentially have
a material adverse effect of the number of customers or reduce margins
• Adverse economic developments could reduce customer spending for our TV, broadband, and
telephony services and could therefore have a material adverse effect on our revenue
• We are subject to currency and interest rate risks
• We are subject to tax in more than one tax jurisdiction and our structure poses various tax risks
• Virgin Mobile relies on Everything Everywhere’s networks to carry its communications traffic
• We do not insure the underground portion of our cable network and various pavement-based
electronics associated with our cable networks
• We are subject to significant regulation, and changes in the U.K. and EU laws, regulations or
governmental policy affecting the conduct of our business may have a material adverse effect on our
ability to set prices, enter new markets or control our costs
• We may experience difficulties in providing our services efficiently to our customers whilst the
London 2012 Olympic Games are taking place which may have a material adverse effect on our
reputation and ability to retain our customers
• We have substantial indebtedness which may have a material adverse effect on our available cash flow,
our ability to obtain additional financing if necessary in the future, our flexibility in reacting to
competitive and technological changes and our operations
• We may not be able to fund our debt service obligations in future
• The covenants under our debt agreements place certain limitations on our ability to finance future
operations and how we manage our business
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