Virgin Media 2013 Annual Report Download - page 17

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I - 15
“Virgin” name for the television, broadband internet, fixed-line telephony and mobile phone services we provide to our consumer
and business customers, and in connection with the sale of certain communications equipment, such as set-top boxes and cable
modems.
Our license agreements provide for an annual royalty of 0.25% of certain consumer, business and content revenues, subject
to a minimum annual royalty, subject to inflationary adjustments, of £8.5 million in relation to our consumer operations, and £1.5
million in relation to our business operations.
Under the agreements we have worldwide exclusivity over the name “Virgin Media” and “Virgin Media Inc.” We are also
licensed to use the name “Virgin Media Business” for the provision of business communications services.
Properties
We own and lease administrative facilities, operational network facilities, and retail facilities throughout the U.K. We lease
our U.K. headquarters in Hook, Hampshire.
We own or lease the fixed assets necessary for the operation of our businesses, including office space, transponder space,
headend facilities, rights of way, cable television and telecommunications distribution equipment, telecommunications switches
and customer premises equipment and other property necessary for our operations. The physical components of our broadband
network require maintenance and periodic upgrades to support the new services and products we introduce. Subject to these
maintenance and upgrade activities, our management believes that our current facilities are suitable and adequate for our business
operations for the foreseeable future.
Employees
At December 31, 2013, we had a total of 14,259 employees. The number of full-time equivalent employees at December 31,
2013 was 8.9% less than at June 30, 2013, principally due to organizational changes implemented following completion of the
LG/VM Transaction. There are no employees at Virgin Media covered by collective bargaining or recognition agreements. For
employee consultation purposes, we work with and recognize our National and Divisional Employee Voice Forums. We believe
we have a good relationship with our workforce.