I realize that the best telecom portfolio Vodafone can buy is the Mannesmann portfolio, ... However, we at Mannesmann have another constituency -- to the Mannesmann shareholder. Our shareholders don't want (Vodafone's combination of) low-growth and minority participation in the United States.

Britain is an important market, and One2One is one of the opportunities there.

Almost the most stupid thing we could do.

They would be making a very, very severe mistake.