David Kagan: Yes, I can take that. Generally speaking, Simon, there are a number of changes that are going on in the industry right now, and everybody is watching those. And so the FCC will have to address a series of regulatory issues related to that. Obviously, Globalstar is a heavy user of all of its satellite spectrum especially under our new arrangements. And so it’s unlikely that we will have any direct action that I think will be — that will survive the FCC process if someone wants to mount something to utilize ours. But generically, there are changes that will happen in the industry over the next year or so that the FCC will have to wrestle with, for instance, how will SpaceX and T-Mo deal with their spectrum questions in front of the FCC, and there are a number of those.
So we anticipate ongoing discussions that will take place and ongoing regulatory proceedings, which, of course, we’re extremely cognizant of every single day. And given that we have globally harmonized spectrum, our issues will be, I think, issues that are not settled only within the FCC context, but more our 25-year history of operating on a global basis and, therefore, in front of the ITU for — in a lot of cases.
Operator: Our next question comes from George Sutton with Craig-Hallum Capital.
George Sutton: Jay, at the Analyst Day — and by the way, thanks for doing this call. I think it’s great. So at the Analyst Day, you had suggested the potential for a significant agreement with a new partner you were hoping by year-end. You reiterated that this morning, I believe. Can you just give us any sort of update on the progress you’re making towards this partnership and what we should be expecting?
Jay Monroe: George, no doubt, you read one of those — yes, actually two of them in the last week. We’re constantly looking to expand our terrestrial footprint. Spain was a very important part of that. And of course, now we’ll proceed across the continent with many more of those types of authorization. That’s the foundation by which you roll out terrestrial. Then there are other categories of relationships that we are pending right now and trying to bring to a conclusion. Those include leases for the terrestrial spectrum as well as new business models for our retained satellite capacity. All of those were alluded to in the Investor Day that we had some of which those two that I mentioned have come to fruition now. But I think we can look forward to more in the near term, which are both terrestrial and satellite.
George Sutton: Got you. And perhaps next question is best for Rebecca. But the refinancing of the first lien facility, can you just give us a sense of how that’s being marketed or what the structure we should be expecting from that to be?
Rebecca Clary: Sure. So we’ve been working with Goldman for quite a few months. It’s a challenging environment, as you guys know. And so I know it’s taken a little bit longer than some of you would like. But as we demonstrated last week, we’re obviously have the shareholder value as our most fundamental priority and or if it takes more time to get it done. We’re going to take more time to get it done. So they were a few days away from this upcoming deadline. But hopefully have some faith in it. So while we are not prepared to make an announcement right now as far as the tax form or size or timing, just know that we’re working every day on it, and we’ve got options at the table that we think that are favorable to the company and we hope to announce something there.
George Sutton: Fabulous. And last, Jay, the concept of borderless spectrum is quite unique. What are the best types of use cases that you would suggest?
David Kagan: So go ahead, Kyle.