Simon Flannery: Right. Good morning. Thanks for your time. So I wonder if we could come back to the fiber-to-the-home. Obviously, some great momentum there. There’s been a lot of concern about just increasing cost to build, and it would be great to just get any color on what you’re seeing out there in the marketplace and how you’re seeing the returns on that investment as well as any benefits on the churn side and on the sort of the lower cost of repair and maintenance going forward? Thanks.
Curtis Millen: Hi, Simon, thank you for the question. I’d say on the fiber-to-the-home side, we actually have not seen an increasing cost to build I think ultimately, we’re mitigating inflationary risk here with just more efficiency. And frankly, we’ve been doing this over a decade now. So we just keep getting better and better at building out fiber. So we’re not really seeing an increase in cost. We’re seeing an increase in efficiency.
Mirko Bibic: And some of the benchmarks I look at in terms of the metrics, churn does remain quite a bit lower in fiber territory than not. You can actually see it in the numbers like 104,000 fiber net adds, but 79,000 total net adds, the churn is lower by I’ve said in the past 30 to 35 basis points, lifetime value of a fiber customer significantly higher in service and support costs. I’ve said time and again, as you can expect it to be about 40% lower on fiber than on copper, and that number generally remains generally the same.
Operator: Thank you. Our next question is from Jerome Dubreuil from Desjardins Securities. Please go ahead.
Jerome Dubreuil: Thank you. Good morning everyone. So thanks for taking my question. First one I have is on the wireless environment. With the MVNO rate decision. We have high large data buckets. Now we have the Lucky and Virgin brands being sold at Bell locations. Do we find ourselves in a market where the wireless services is a bit more commoditized maybe than they used to be? And if so, what would that mean in terms of how you operate the business going forward?
Mirko Bibic: No, I think there’s still — first of all, there’s a lot of growth potential in the wireless environment. Now let’s start there. So population growth, penetration headroom, the transition to 5G. Again, people who — customers who migrate to 5G spend more and use the service more, consume more data. There’s goodness for — in particular, on our side with the multi-product household, where I’ve said in the past, we’re underpenetrated compared to some of our peers, and we’re closing those gaps and, of course, the immigration tailwind. So all of that leads to growth. In terms of the other part of your question, I would say that there’s still points of differentiation that we’re going to leverage and we’re going to use against our competitors.
So the fact that we have the best network is a value proposition that customers are well aware of. And even in terms of our own brands, like Lucky is not at all the same as Virgin or Bell in terms of the value proposition. And Bell and Virgin are still separated in terms of value prop. So 5G Plus on Bell, no 5G Plus on Virgin. Multi-gig on Bell on internet and not so on Virgin. Wi-Fi 6E on Bell, not so on Virgin. Internet and mobility discounts not so on Virgin. So there’s still value differentiation there, and we’re managing all three brands quite well.
Operator: Thank you. Our next question is from Stephanie Price from CIBC. Please go ahead.
Stephanie Price: Good morning. Hoping you could dig a little bit more into BYOD and lower device financing trend that was being in the market? Can you talk a little bit about how it’s impacting financing? And whether do you think this device upgrade rate could go even lower in the future? And a related question, what you’re seeing in terms of the new iPhone launch and any implications there for margins in Q4? Thanks.
