David Watson: Yes, this is Dave. Let me jump into that. So, we operate in 39 states, where they’re expected to bid subsidy money, and we are actively engaged both at the federal and state government levels. So, as the framework rules of bid participation are being developed, we are actively looking at it and working I think in a good way at all level. So, assuming satisfactory outcomes on the framework roles, we are going to be full participants in bidding where it is consistent with our business goals. But it’s too early in the process for us to comment on where we’ll bid. Or, the potential win rate. But we’re active right now building out, edge out. So, as Jason’s talked about, we are going to build out even before any bid activity.
And the bid activity by the way is really going to be more rules will come out and be clarified. This is a ’25-’26 kind of an impact once it clears up. But in the meantime, we’re actively edging out and looking at opportunities where it’s a profitable return and aggressively pursuing it. So, a million homes passed, we expect to build this year alone. So, we are going to be aggressive in the meantime. But considering — we’ll stay closely at it, and assuming the satisfactory outcome, we will be participant.
Marci Ryvicker:
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Operator: Our last question today is coming from Jonathan Chaplin from New Street. Please go ahead.
Jonathan Chaplin: Thanks, guys. Just to drill into broadband in little bit more detail. The shift from 1Q to Q2 was quite different from what it has been historically in terms of broadband net ads. I am wondering if you can give just a little bit more color on how much of that was muted seasonality versus some of the initiatives that you guys have been pushing on the competitive front with low end broadband offer, and the wireless bundles? And in that context, you mentioned that wireless is starting to have a bigger pull through impact on your broadband subs. There are more muted Comcast subs taking wireless. I am wondering if you can give us little bit more context around that? And then, sorry to pile on. But one last one on wireless for Jason, when we look at Verizon’s wholesale revenue, it seems to have flattened over the course of the last three quarters, which suggest that maybe you are getting some gross margin expansion in the wireless business.
I am wondering if that’s accurate. Thank you.
David Watson: So, look — this is David. Let me start on the broadband part and a little bit on wireless. So, as we saw the base is stable 32 million. And this is sequentially and year over year for this quarter. We also flagged — we talked about this last quarter. We expected more normal seasonal activity so that net ads would be lower than Q1. But we also expected a more muted step down in net ads from Q1 to Q2. This is a combination of lower overall move activity. The overall macro issues that we have experienced over the past year in the market. At the same time, we did as you brought up we go in and out in terms offers. We had some offers really targeted in the multiple segments that we served, more in the lower end. And we had some traction on some of that.
So, that did help. And so, we’ll continue to be opportunistic throughout the year. And as I mentioned before to your point on wireless, we absolutely aggressively package mobile with broadband. And this is for new and existing customers. So, mobile is a great extension of the relationship and really profitable way to existing customers that are HSD only, so, one of the key things that we do. And I think over time, we’ve got to continue to stay focused on that. I think this is much of an opportunity to grow the mobile business and really help broadband. It is going to the base as well as attracting new customer. So, it’s a double wind from our perspective. Jason?
