We were able to come to an agreement with Goldman Sachs on the pre-IPO market. We feel that 9 billion euro is a fair value, not overly exciting, and it's an objective value that we can put before shareholders and give them a benchmark to look at our business.

The most important thing is good customer experience.

3 Italia is not experiencing the same negative operating performance or outlook as incumbent mobile operators in Italy and Europe.

I believe these decisions will contribute to a better understanding of 3 Italia's business in the marketplace and will result in Hutchison shareholders to recognize the value of their investment in both 3 Italia and our other 3G businesses to go forward.

We expect continued high coal and natural gas prices to provide challenges for our generating businesses going forward.

This is not a phone business. This is the smallest video camera, it's the smallest computer, smallest TV.