Glen LeBlanc: I will attack the first part of your question. I am not sure what your last part was referring to. Look, we combined our internal structure for wireless and wireline this year, and we did enjoy cost efficiencies in doing so. And as I have said in my opening remarks, it’s become a core competency of Bell. We are always attacking costs and looking for more effective and efficient ways to deliver service, and that’s not going to change. And again, to the opening remarks that Maher made about how are you able to deliver stable guidance over 2022, and that’s part of it. It’s focusing on our cost, finding efficiencies, leveraging the ability that fiber gives us for taking costs. So, on the second part of your question, I am not sure.
Batya Levi: I think you mentioned that you would like to make some internal investments this year to digitize some capabilities and some efficiencies. So, I was wondering if there is sort of a quantification or the pacing of that or is it also more sort of business as usual investments?
Mirko Bibic: It’s €“ yes, so we won’t unpack that specifically. But since 2020, particularly since we got completely shutdown in 2020 during COVID, we have made a concerted effort to improve our digital capabilities, both those that are customer-facing and continue to automate some of the processes in the operations of our business. And that’s continuing because it’s important and it’s driving better customer experience and lower cost structure. So, we are going to keep doing that, and that’s within the CapEx, the guidance that you see.
Batya Levi: Okay, thank you.
Mirko Bibic: Thank you.
Operator: Thank you. Following question is from Vince Valentini from TD Securities. Please go ahead.
Vince Valentini: Yes. Thanks very much. Just a comment first, look, I am just not happy about getting rid of the segmented EBITDA, it makes our lives very difficult. I am sure you have internal ideas as to what wireline versus wireless is and you are not going to change based on what I say. But I want to get that on record, but it’s not helpful to us. My question is on the guidance. The range is reasonably wide at 2% to 5% on EBITDA, Glen. And as you have articulated, competition seems to be escalating. You seem to be willing to lean in and load up your new networks and fight on price if you have to. I am just wondering how the high end of the range is possible. What kind of factors would you need to see some sort of big economic improvement or some sort of improvement in the competitive environment versus the current pacing? Maybe you can talk a bit about the pros and cons €“ or the gives and takes at the high end versus low end of the guidance?
Glen LeBlanc: Well, first of all, Vince, the €“ how wide the range is, it’s the same range as in €˜22. And we are now approaching $25 billion revenue company and north of $10 billion in EBITDA. And I don’t feel that range is all that wide when you consider the size of our organization. Yes, we provide a range because there are all kinds of uncertainties that can happen in our business. We have talked a number of times on this call about recession. And I think that, that although I personally believe will be short and shallow, I certainly could be wrong, and many people on this call probably have a different opinion than I. Barring recessionary impacts, the continued momentum we have in our fiber and our 5G strategy, recovery in our media business.
