....yes, it's from vm's presentation to New York analysts. This is available via VM's web site on the investor part. You'll be asked to register to access the webcast, just make up any details you like. The exact quote comes towards the end of the webcast. Best to start with the analyst question for context which is at 9 minutes 45 seconds into the Q&A session. Here's a link:
http://investors.virginmedia.com/pho...ventId=3530104