I would agree with Ted. I think that's where the cheese will get a little bit binding, when it starts to restrict the investment in capital and keeping networks modern, for example.
Certainly, when you listen to both Bell and TELUS, they are indicating that it's a separate decision from their actual strategy. The strategy continues to be as it is and the investments continue to be as they are.
I find it hard to imagine that the conversion to a trust will result in more capital expenditure, though.