Mr. Gerry Fahy:

There has been some consolidation in the market. One of the operators, 3, consolidated by buying O2. That was reviewed by the European Commission. Remedies were agreed between the parties to address any potential deficit in competition which might have arisen due to the merger. Those remedies effectively provided for two mobile virtual network operators in the market, which have been provided. At the time, ComReg publicly expressed its scepticism as to whether those remedies would be sufficient. To date the impact of the mobile virtual network operators on the market has been minimal. It may be that they need time to get going. We were concerned at the time that there might have been a degree of reduction in competition. We continually monitor the market to ensure that we understand what is going on. We welcome the entry of a new operator to the 3.6 GHz auction because that potentially introduces a new player. Imagine also now has a technology-neutral spectrum. It currently uses the spectrum for fixed broadband services but it does not have to.