Let's try it this way: it's difficult to get money from Canadians. How's that?
It's difficult to get money from Canadians for these types of investments. Canadians want to know that it's a sure thing. Capital outside of this country is a little bit more risk-embracing. As a result, you've seen new entrants popping up in other countries and regulation is a lot more relaxed in a lot of other countries. So you've seen prices come down, new entrants enter as a result of that and drive those prices down, and wireless penetration go up.
In Canada we are actually, I believe, the only new entrant that's been able to raise Canadian capital for equity beyond what we pay for spectrum. We have done a very good job of working hard to raise that Canadian capital. However, we feel that today we sit at a disadvantage.
We actually believe there is a place for multiple competitors in this space. We are not here to tell you that Globalive should or should not be allowed to operate. We are here to simply tell you that we and every other player in this market should be afforded the same rights and privileges that have been afforded to Globalive; that is, we should have the ability to bring on foreign capital. If the rules don't apply, then they shouldn't apply to us. If they do apply, then they should apply equally to everyone.
Thank you very much.