It's a little bit disappointing. Part of it is an industry slowdown and part, I suspect, is the distraction of the merger.

Clearly, across the industry minutes of use are not growing as much as they did ... this is causing ARPU to start to slip.

I would have thought somewhere between $10.50 and $11 a share would have been a better price before I saw the 4,000 net (customer) adds.

In terms of total profitability of the company they're lowering guidance. It was a little bit sneaky how they tried to do this.

It fits with my industry thesis that the regional players are going to be marginalized by the national providers and left to take whatever growth is left.