The only negative is the guidance for capital spending this year, which is much higher than expected.
The government was not happy with the level of competition existing in the fixed line market and some rationalization had to be done.
There is small growth opportunity in those provinces,
This is a real landmark in the history of China's telecom industry,
This is not a good time for doing (an) IPO. The market condition is very bad.
I'm cautiously optimistic that it will work out well for the industry.