Okay, so that’s why we don’t have a script voice. And, you know, every single year has to be the same proportion of funding coming from unfunded pension exchanges. And we’ve talked with like, our views, and our opportunities in terms of tax deductions.
Phani Kanumuri: Thank you. So I guess a quick follow up on the corporate network on the corporate revenues that you have, what percentage of your corporate revenue comes from connectivity versus IT solutions? And considering that this quarter is very strong in terms of the corporate revenue growth? Do you think that this will continue? Or is there some seasonal component to this revenue?
Daniel Hajj: Carlos?
Carlos Moreno: It’s difficult to because we do connectivity to the core to the enterprises, so we do connectivity and brings everything, IT, cloud wireless phones, some application. So there’s a lot of things that we sell. So it’s difficult to share the revenue on that. But corporate has been growing for the last three years, and I think it’s going to still grow for the next year. So Oscar, I don’t know…
Oscar Hauske : No, what I would say. And mainly what we’ve been seeing is winning always in connectivity. So we’ve been added value to that connectivity. And when we see that it is growing, as you mentioned the cloud services, software as a services, interested data services. And we’ve been doing well in some verticals. So we are offering to the customer with alliance different vertical solutions in mining in agriculture, not the one that is pushing up the revenues.
Daniel Hajj: And just to give you an approximation, the consumer data incorporates copper networks and think broadband in the market that is approaching 25% of our service revenue at a consolidated level and that amount, maybe one-third of that could probably be copper net of
Carlos Moreno: 68, yes. Copper, right. NPLS, everyone.
Operator: Our next question comes from Soomit Datta from Newstreet Research. Your line is open.
Soomit Datta : Yes, hi, there. Two or three questions. One, just on CapEx. Interesting to hear you know maybe spending a little bit more in the near term. I guess just conceptually, we’ve seen some low strength in the Mexican peso versus the dollar in the last few weeks and months. So, in theory, should we be seeing you getting more efficiency from your CapEx? Or do we think maybe the overall $24 billion CapEx can come down given the moves in the currencies? That’s the first question, please. I’ll come back to the next one.
Oscar Hauske : Yes, I think we’re seeing in some markets, the trends have been appreciating not all, but probably the trend — for that to happen more generally, for the year, I think the , second the Latin American countries to use. So, I think that the type of things that we are looking at doing, which has been a lot of deployment of fiber optic that includes a lot of local currency expensive, because it’s not only equipment, but it’s basically building and putting the fiber in the ground. So I cannot say that, from that perspective, we are listening to the sound of the patient. If you look at aggregate CapEx probably the split is more or less have effects related and have local costs.
Daniel Hajj: The way to see that we’re going to invest a little bit more is that we see opportunities in the market. So in some markets, and that’s the reason opportunity means more revenue, and more customers and better ARPUs. More penetration. So those are the things that we’re also looking to the reason why we want to bring forward part of the car.
Soomit Datta: Okay, make makes a lot of sense. Thank you. And just next or final question just on Mexican wireless, please on Telefo, obviously, the business continues to perform well, but I think you haven’t actually lifted prices since perhaps 2021. So I was just curious, what are your thoughts on the potential to move up prices in that market? Thank you.
Carlos Moreno: We’re at this moment, we’re not thinking to increase prices in Mexico. I think we’re doing well. People is consuming and people leave jumping to better plans. They are ARPU is growing. And we’re not thinking to increase prices in Mexico at this moment.
Soomit Datta: Okay, that’s super helpful. Thank you.
Operator: Our next question comes from Carlos de Legarreta from ITAU, your line is open.
Carlos de Legarreta : Thank you. Good morning. Just two quick one, please. The first one going back to buybacks, please. It caught my attention that the share buyback fund that you approved this year is lower in both absolute and relative terms compared to the past couple of years. Just wondering what’s behind that. And secondly, if you could provide an update of the timing of the towers being of in Europe, that’ll be fantastic. Thank you.
Carlos Moreno: I think I was pleased with what I said is on the one hand, the first quarter is we had 3.0 more customer, because basically, we pay handsets in the first quarter, we sold in the last quarter at the final years, we typically all of the handsets sold in the last quarter of a given year are actually paid in the first quarter of the next year. So that’s a big draw on working capital. And there’s a lot of CapEx, which was not the plan intend to do. And then one in the latter part of the year, the CapEx that was received was accepted towards the second half of the year, it’s actually paid in the first quarter. So this is something that has a seasonal impact. The other thing is Daniel was mentioning, we are adding CapEx to the extent that we’re looking at increasing our CapEx for the year, within 4% to 5% relative to our initial project, which is in line with the $8 million per year plan that we mentioned on our investor day for two years.
They’re basically moving bringing forward part of next year’s CapEx to be here. So that we can move faster with the in this current connectivity, and that has to do a lot with putting fiber in the ground.
Carlos de Legarreta : And on the tower spin off in Austria?
Oscar Hauske : I think we’re shooting for the third quarter, I think it’s going to be towards the end of August. That’s what we are aiming for. I think that we have already received, practically, with one exception, all of the necessary approvals. And we are already working on the financing. Which, by the way, I can say that it will be converted to investment grade ratings. So we’re going to be bringing this to market in the next year.
Carlos de Legarreta: Thank you, as usual, I appreciate your answers. Thank you.
Operator: Next question comes from Luca Buntum, from Bank of America. Your line is open.
