I think you put it well when you used the expression a “dumb-pipe relationship” just a while ago, which was very poignant.
If that's the case, would you be in favour—building on Mr. Keddy's question again—of some sort of regulation? Do you see it as stifling regulation? Or if that's your position and that's going to be the position, why wouldn't we put it down in regulatory form to give comfort to those merchants that I deal with every day, who certainly have that fear?
Would the telecoms be willing to start that?