million ( $ 27.6 million at such time ) annually under its transmission contract with itvd . itvd represented approximately 12% ( 12 % ) of the 2001 revenues of ccuk and approximately 3% ( 3 % ) of the 2001 consolidated revenues of the company . in august 2002 , the itc granted the dtt multiplex licenses previously held by itvd to ccuk ( multiplex c and d ) and the bbc ( multiplex b , bringing the bbc 2019s total to two licenses ) . the dtt multiplex licenses awarded to ccuk have a term of 12 years , and ccuk has the right to renew the licenses for an additional term of 12 years subject to satisfaction of certain performance criteria . no license fees were paid to the u.k . government with respect to the award of the multiplex licenses other than an approximately $ 76000 application fee . following the award of such licenses , the current u.k . dtt multiplex licensing structure is as follows: .

multiplex | licensee | multiplex service provider | transmission service provider
1 | bbc | bbc technology ltd | ccuk
2 | digital 3&4 ltd | ntl | ntl
a | sdn ltd | ntl | ntl
b | bbc | bbc technology ltd | ccuk*
c | ccuk | bbc technology ltd | ccuk*
d | ccuk | bbc technology ltd | ccuk*

* broadcasting service provided in connection with freeview brand . on october 30 , 2002 , the bbc , ccuk and bskyb launched a multi-channel digital tv and radio broadcasting service under the brand 201cfreeview . 201d freeview is a free-to-air broadcast service and is received by viewers via a set- top box or other device . at the end of 2003 , there were approximately three million such devices in service , in contrast to the approximately 1.2 million set-top boxes in service with respect to itvd service 20 months prior . our revenue derived from broadcast transmission services ( including distribution and multiplexing ) relating to freeview is contractually based and therefore is not directly dependent on the number of freeview viewers . in connection with the launch of freeview , in august 2002 ccuk entered into an agreement with the bbc to provide broadcast transmission along with distribution service for the second multiplex license ( multiplex b ) awarded to the bbc . also in august 2002 , ccuk entered into an agreement with bskyb to provide broadcast transmission along with distribution and multiplexing service in relation to 75% ( 75 % ) of the capacity of one of the ccuk multiplexes ( multiplex c ) . both of these agreements are for an initial period of six years with options for the bbc and bskyb to extend for an additional six-year term . in addition , ccuk has entered into agreements to provide similar service to a number of tv , radio and interactive service content providers ( including uktv , flextech , viacom , emap , mietv , oneword , guardian media group and bbc world service ) through the two multiplexes awarded to ccuk . freeview related agreements with the television content providers are also for six-year terms , with renewal options , while agreements with radio and interactive service providers are generally for shorter terms . through such agreements , ccuk is currently transmitting content for such customers with respect to approximately 90% ( 90 % ) of its licensed capacity and is negotiating with content providers with respect to the remaining capacity . ccuk has contracted annual revenues of approximately a327.2 million ( $ 48.5 million ) for the provision of transmission , distribution and multiplexing services related to its multiplex licenses , which replaces the approximately a319.4 million annual revenues previously earned from the itvd contract and is in addition to the revenues generated from the 1998 bbc digital transmission contract . see 201cbusiness 2014the company 2014u.k . operations 2014significant contracts 20141998 bbc dtt transmission contract 201d , 201c 20142002 bbc dtt transmission contract 201d and 201c 2014bskyb and other freeview content dtt transmission contracts . 201d as a result of its previous contract with itvd , ccuk had already invested substantially all of the capital required to provide the freeview related broadcast transmission service described above . in addition , ccuk had previously been incurring , again by virtue of its previous contract with itvd , a large proportion of the operating costs required to provide these services ( including payments to bt for distribution circuits and payments to ntl for site rental ) . since ccuk is providing a more complete end-to-end service to content providers than was provided to itvd , ccuk is incurring certain additional annual operating costs of approximately a34.6 million ( $ 8.2 million ) .

Question: what is the operating expense ratio for ccuk ( in millions ) ?
Program: divide(8.2, 48.5)
Answer: 0.16907