Canadian Heritage committee  There is no current valuation of Bell Media as a separate entity within all of BCE now. In terms of—

Canadian Heritage committee  Let me address some of these issues. I'd like to clarify—

Canadian Heritage committee  We could look at the market cap of Bell today, if you're asking about the market cap. I'm sure while we talk, Robert can dig that up in 10 seconds.

Canadian Heritage committee  Yes. That's a function of the share price at any given minute, so the market capitalization of Bell is different now than it was an hour ago.

Canadian Heritage committee  The market capitalization is significantly higher than that. Again, it has decreased significantly, unfortunately, in the last couple of months given the share price. Rob will have the number.

Canadian Heritage committee  Thank you, Madam Chair, and members of the committee. I had hoped to join you last month prior to the committee rescheduling our meeting, so I'm glad we're having this important conversation today. Since Bell acquired CTV in 2011, the global media industry has drastically changed.

Industry committee  The important point here is customers, like in every other area—

Industry committee  We always seek to be competitive in the marketplace, so our pricing would be in the same general zone as Mr. Entwistle indicated. This is one area where I think the industry had needed to get much better in terms of communicating with customers. More customers are getting accustomed to the options they have.

Industry committee  The point is we have competitive pricing along the lines of what Mr. Entwistle said. We've gotten better at communicating the impacts with customers.

Industry committee  Importantly, in order to try—

Industry committee  No, I would like.... This is about affordability for the customer and how we treat customers—

Industry committee  We have the same general pricing. I'm happy to get back to you with the specifics, but the point is that we try to serve every customer appropriately. If there is an issue, the customer can call us and we'll take care of the customer. We don't want to lose the customer. We want to treat—

Industry committee  I'll go first. Back to the analogy which prefaced the question, the more apt analogy for the CRTC decision would be seeing one of those auto manufacturers that was mentioned build a plant costing billions of dollars, and the regulator saying you have to give access to that plant to a competing auto manufacturer, so it can build its own automobiles using your technology and your facility.

Industry committee  You may take it one step further. You don't have to take it very many steps further and have a rule that says if you treat it as a utility and everyone can ride on the same network, or use the same network to compete, you lose all the benefits of resiliency and redundancy, which are so important in this day and age.

Industry committee  I echo Mr. Entwistle's answer on amortizing handsets over more than two years and the positive impact that would have for the consumer.