The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Matthijs Van Leijenhorst - Kepler Cheuvreux, Research Division - Analyst
: It's regarding the Dutch Competition Authority, ACM. Apparently, they have identified a risk that your access conditions could make it more difficult
for competitors to compete. What is your view on this new study? And do you foresee any risk that we could see regulation implemented again?
Question: Usman Ghazi - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: I've got 2 questions, please. the first one is from the report actually, rather than the presentation. In the report, I think for the first time, you specifically
outlined that in Consumer, you have an ambition to grow service revenues by the end of 2021. So I mean, could you perhaps highlight the factors
that will get you to that growth number? Because if I look at the numbers today, I guess the legacy decline is 20%, they're weighing. So are they
expected to moderate or is the MSR growth expected to pick up? So any color there would be helpful. And then just on the shape of the mass-market
service revenue trend through the year. So I guess, Q3, we should see an additional kick over to SME, SME kind of stabilizing from where we are
today, then in Q4, you're indicating that Consumer should be growing as well. So I mean the -- it seems to me that the mass-market service revenue
trend is not only sustainable but that should be getting better through H2. So is that kind of the right way of framing this?
Question: Usman Ghazi - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: And my second question was on the -- coming back to regulation. I mean, you're absolutely right that you haven't changed any of your wholesale
kind of pricing since the court ruling. But I guess what has changed is the nature of the -- or rather the increment of fiber deployment that you
announced after the court ruling is a point to multipoint network, which gives an excuse to an alternative operator to say that look, this kind of
network discriminates against us if you want in terms of replicating owner economics as with the ODF product that you have out there. So is there
any way to reduce the risk from this from this -- the complaint by an alternative operator that the nature of the fiber deployment is discriminatory?
Or do you not see it like that at all?
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