Thank you, Mr. Chairman.
Thank you, Minister, for being here this morning.
I think it's widely acknowledged that the spectrum auction of 2008 was mismanaged. It was mismanaged primarily because of what happened to Globalive, which initially paid some $400 million to obtain a portion of the spectrum. Then, later on, the question of foreign ownership was examined and, as you know, the CRTC decided it did not satisfy the requirements with respect to Canadian ownership.
You reversed that decision. You spoke briefly about it in your opening statements. What you're saying, effectively, is that the CRTC was wrong in its interpretation. Am I correct in saying that?