...Good morning, everyone. It's Michael Bishop, VP, Investor Relations. And thank you for joining today's Q&A session. We are here to discuss our recently filed registration statement related to the proposed spinoff of Liberty Global's Swiss operation, which will form a new independent company, Sunrise Communications AG. This spinoff is an exciting development for us. And yesterday, Sunrise hosted a Capital Markets Day where the management team presented their operating strategy and financial outlook to investors and analysts. The spinoff is itself fairly straightforward, a 100% distribution by de-merger of our Swiss business. But there are some complex details, so we thought it would be helpful to handle some of those technical complexities in the transaction by presenting an opportunity for questions. We have on our call today our General Counsel, Bryan Hall; Sunrise Chief Financial Officer, Jany Fruytier; and other members of Liberty Global are also here to help. Of course, we may not be...