Daniel Hajj Aboumrad: Yeah, the corporate, you mentioned — we are tracking following revenues. And what we did is that in the major context, we have a dedicated team just focus on this market. So we bring expertise in the different fields, cybersecurity, vertical, AI. So yes, we are tracking those revenues. And we have our goals and budgets already defined. And about the profitability of the business, we don’t get any business that we don’t see that we have the right payback in the corporate. And there is some part of the revenues coming from corporate that is more software-as-a-service. So it’s a lot of alliance that we do. There is a revenue share with them. So we don’t invest in CapEx even. It’s more a resale operation for our services. So it’s a very good free cashflow because it’s a totally revenue share with some of these alliance that we have in the market.
Soomit Datta: Okay, thank you.
Daniel Hajj Aboumrad: Thank you.
Operator: Your next question comes from the line of [indiscernible] of Morgan Stanley. Your line is now open. Please go ahead.
Unidentified Analyst: Hi, good morning. Can you hear me okay?
Daniel Hajj Aboumrad: Yes.
Unidentified Analyst: Excellent. Going back to the Chilean JV, if I may. In December you issued a press release saying that you had agreed to invest the equivalent of about [MXN972 billion] (ph) in the JV through June of this year or roughly about $1 billion little over $1 billion through that date. And as of then about 74% have been invested already, can you give us an update as to how much has been invested up to today in the JV in Chile. And second, with regards to the ownership agreement with Liberty, I know they have up until August 1st to match the 50% of the contribution, But what should we expect after August 1st? Should we expect some sort of announcement as to whether or not they did and how the ownership structure is going to look going forward? That will be helpful.
Daniel Hajj Aboumrad: Thank you. Well, first, in this announcement, the money that you are saying, [MXN900 million] (ph) — that includes the debt that we put that was guaranteed for — has the guarantee of América Móvil and we put it when we do the merge. So that includes exactly this amount of debt that we contribute to the JV and it was guaranteed for us. So we guarantee that and that’s why we put that amount in this press release. The other thing was to operate, the rest was to operate, to invest, to put CapEx. So that’s what we decide to put. What you’re asking me is, what they are going to do if they are going to catch up or not. I don’t know. We need to ask them, not us. So they have the right to catch up. And we don’t know what they are going to do.
But either way, if they catch up or not, we are prepared to go with them and manage the company with them. They are good partners and we’re happy if they stay. And on the other side, if they don’t stay, we are also doing what we need to do to make successful this company and do the investments that we need to do. So we are prepared for both scenarios and we really don’t know what they are going to do. So let’s wait until that date and see what they are going to do.
Unidentified Analyst: Okay, so to clarify, In the press release, the amount of the investor inclusive of the debt contributed to the JV was MXN972.4 billion. Presumably the debt that was at the collateral level, right, was about $300 million equivalent. Is that right?
Daniel Hajj Aboumrad: I think a little bit more. But we don’t know exactly the numbers but we can.
Carlos Garcia Moreno: If you want to have a [working session] (ph) with Daniela, we can go through all the numbers.
Daniel Hajj Aboumrad: Because we don’t have exactly the numbers here but we can open and tell you exactly what it is. No problem.
Unidentified Analyst: Okay. Since December, have América Móvil invested more in the Chilean JV? Have there been more investments since that announcement?
Daniel Hajj Aboumrad: I don’t know — We don’t know — I don’t know exactly how much we have a limit to put and we are not exceeding that limit. So of what we said. But talk to Daniela. You can have the numbers clear there.
