Thank you very much, Madam Chair.
I'd like to thank Mr. Péladeau and Mr. Thomson for their presentations.
Mr. Péladeau, you have just candidly admitted that your company was once a parasite—that's the expression you used at our last meeting. Indeed, when you began in this field, you were one of the companies that made use of infrastructures owned by others. Since then, your company has become an extremely important player, particularly in Quebec, but also elsewhere in Canada.
At the end of your presentation, you said that this transaction should have a number of basic conditions, for example with respect to reserved spectrum and tower sharing. The Shaw and Rogers representatives did not want to go into the matter of spectrum any further, because spectrum licences should normally be assigned or sold between now and the end of June.
Can you tell us more about this particular transaction?