Tony Skiadas : Okay. So a few things here. So as, you know, we can’t discuss the particular economics of any commercial deal and that includes the commercial deals we have with the cable companies. What I can tell you is that, we are very happy with the MB&O agreements and those agreements are accretive. It’s important business for us and as Hans said many times it’s consistent with our strategy to monetize the network. It’s very profitable business for us. It’s growing and we’re very comfortable with the arrangement. But that’s as far as we’ll go.
Brady Connor : All right. Thanks Craig. Brad we’re ready for the next question.
Operator: The next question comes from Kannan Venkateshwar from Barclays. Your line is open sir.
Kannan Venkateshwar: Thank you. So maybe Hans, you in terms of fixed wireless business, when you think about the capacity that you have with C-band and you’ve talked a couple of times about momentum heading into next year, as you expand into other footprints, is there any kind of a goal post that you have in terms of the kind of growth here – growth aspirations that you have to balance it with a capacity use that the network may have. So the 350, 400, kind of a number, does it go to 500 or is there some kind of a framework you guys are thinking about in terms of your aspiration there? Thanks.
Hans Vestberg : Thanks, Kannan. I think on the fixed wireless access we have said a couple of times that we like they read them on 400,000 per quarter, because it’s putting our sort of our operations in the right model or deploying this. And as we have also decentralized or regionalized our go to market, we can work with the markets where we actually open for sale fixed-wireless access, work with the local community, work with the local government and also address it through our stores. We can focus our efforts in that region and see that we capture all the demand and the funnel we have there. So, we think it’s a good model that we have right now and that’s also there’s some loss of physics how quickly we can roll out the C-band.
But I can tell you there’s no one holding back any investments here in order to get the C-band to our customers as soon as possible. So, I think, we will continue to look at that and that. I mean, that type of levels going forward, as well. And that will help us with reaching any goalpost we have or whatever goalpost we have communicated to the market.
Kannan Venkateshwar: Great. Thank you.
Brady Connor : Brad we are ready for the next question.
Operator: The next question comes from Greg Williams of TD Cowen. Your line is open.
Greg Williams : Great. Thanks for taking my questions. First one, Hans you mentioned the improving KPIs when you launch C-band in the markets similar to last quarter, as well. Just thinking, should we see churn improvements from here as the C-band sort of maturates this markets or every sort of optimal levels? And then second on just on media reports suggesting that you are hiring suggesting seriously in the wire line side and I’m just thinking about your fiber-to-the-home builds maybe it’s not on the M&A side. You said it’s high hurdle that’s on your organic side if you would bring up your builds or even the beta opportunity there. Thanks.
Hans Vestberg : Okay. On the, KPIs, you are correct and we rollout the C-bandwidth we have better retention and better step-ups. And of course, we also expect that we can take share. I think in the consumer side and the business in both sides, we see opportunities as we come with the fixed files access to this market and with the C-band. So there is share gains. We are planning to do here and our teams are very focused on it going forward. The second question was around fiber. In our ILEC, I guess and we’re not holding back on that. I mean, first of all, you saw how great we’re doing this quarter with Fios. We’ll continue to invest in Fios and see we have our customers. Outside the Fios, our primary strategy is to build on a One Fiber and the fix wireless access to capture the market before anybody else is even the remotely there.
That’s what we do. Then over time, as I said hundred times, I got to have optionality if I would have another access technology over time. But that’s not in the chords right now. We have all the capacity and the technology out in the fields right now and the quicker we can come out, the quicker we can meet the demand that’s out there and meeting the customer that wants our broadband, which is a lot of them.
Greg Williams : Got it. Thank you.
Brady Connor : Hey Brad, we have time for one more question, please.
Operator: Your last question will come from Tim Horan of Oppenheimer. Your line is open.
Tim Horan: Thanks, guys. Hans, stepping back a second, can you talk about the ability for yourselves and industry demand of how all the investments in the last few years both accelerating growth in free cash flow, how important is pricing here because inflations were only 4%, GDP is growing about 5%, inflation is probably above 4% again next year or we are not really seeing much revenue growth. So, what you think needs to be done for the industry to kind of monetize all the investments? Thanks.
Hans Vestberg : I can talk for ourselves. I think we are in a moment where we actually are monetizing by being very segmented both in our business side and in our consumer side. And that both having the right offers for our customers at the same time we are again raising bottom-line for ourselves. So, I think that’s where we are and we have done some price adjustments but that has also included new values for our customers. I think we now are coming to a moment where we are probably going to have a little bit more on quantities not only price given the track that we have in our business right now. So we’re going to balance that out doing the right for our customers, but also doing right for our shareholders. And then, we are of course adding that with our broadband growth which is also helping us.
And then, as Tony said, we are taking out cost at the same time. So that’s how we work. And that’s why we can lift the free cash flow for this year. The guidance even though we’re on the high end on our CapEx guidance, as well as higher or headwinds from the interest rate. So that tells you a little bit how we feel about the business. How we now have the right propositions in a market and we can sort of retooling that if something happen. But right now, we feel confident about the model we have.
Tim Horan: And related to that, I know you want to get that EBITDA back to pre-auction levels. Do you have a kind of a time frame on that and just remind us what – how do you do that?
