Industry committee  Mr. Masse, I don't accept your assertion that we've given up and thrown in the towel. It's been a very difficult and long process, and I think we've done a good job running our business during the last two years with this level of uncertainty facing us. The reality is, Mr. Masse, we need to sell the business because of the investments going forward, and they will be substantial within wireline and wireless.

Industry committee  That's a scary proposition. We faced a lot of challenges in 2021 when we decided to sell the company. The challenges and issues we're facing haven't gotten any better; in fact, they've gotten worse. We don't have a credible path towards true 5G. We don't own the spectrum; Mr. Péladeau does.

Industry committee  We firmly believe that this set of transactions is pro-competitive and enhances competition on both the wireline and wireless sides of things.

Industry committee  Mr. Erskine-Smith, we went through a very comprehensive and long regulatory process, which was adjudicated through a very thoughtful tribunal that came to the conclusion that was reaffirmed yesterday by the Federal Court of Appeal: that this series of transactions is pro-competitive, increases competition and will lead to better innovation and better pricing over the long term for Canadians.