I'm glad to see Mr. Tony Staffieri, the president and CEO of Rogers Communications, here today.
The telecom business, as my colleague said, is a privileged business, where foreign ownership is not allowed to be more than 20% if the market share of the Canadian company exceeds 10%.
My question for Mr. Staffieri is this. You are in a protected business. You have a very stable cash flow from your wireless and cable business. Last year, if I'm not wrong, the EBITDA for your wireless business was about $5 billion, and the EBITDA for your cable business was about $2.9 billion. That's about $8 billion in EBITDA. That gave you the opportunity to raise a lot of money and go to businesses that are not protected and should be open to competition. You bought Maple Leaf Sports and Entertainment.
Are you into banking or broadcasting? Why is it that you're using this protected cash flow to leverage it for buying other businesses? Doesn't it give you an added advantage, compared with other companies that may want to own the same assets?