Thank you, Mr. Chair.
Thank you to the witnesses.
Mr. Bibic, if I understand correctly, Bell has invested $23 billion over the past four years and Rogers has invested about $40 billion. I didn't get the exact figure for Telus, but I imagine that the combined amount is about $75 billion.
However, I understand that you made the decision to withdraw from investments that you were going to make right away, and perhaps in future as well, because the government, the CRTC or both did not provide you with an environment conducive to investment. Can you explain what you mean by an environment conducive to investment?