Sure. Thank you for the question.
It's long been our position that more competition actually spurs investment because of a need to keep up with, as Geoff mentioned, innovative product offerings, and that the new entrants trying to break into the market now, or the regionals trying to build out, have to be innovative. They have to steal customers from the big three that have holdings as well and wireline phone and Internet and things that they can sell as a bundle. So those companies, to the extent that they enter the market, have to be very innovative, and that leads to really interesting packages, which then make the big three turn around and try to match or top. That causes them to direct more money to investments, less away from shareholder return, and that makes the system better for consumers. That's our view on it.