“Through the end of the second quarter, we are at around $175 million POPs covered, well on track to deliver on the $200 million we had guided to earlier in the year.”

In context

“to be clear, I said it in my commentary. We are past peak investment as we exit this year. And we'll give our guidance at the same time as we usually do. But clearly, we don't expect to be at the levels of capital you've seen us invest in 2022 and 2023. Simon Flannery: Thanks a lot. Operator: Our next question will come from the line of Phil Cusick of JPMorgan. Please go ahead. Philip Cusick: Hi. Thank you. First just a little more direct one of Simon's questions. Where are you on the deployment of 3 gigahertz spectrum for 5G across your sell sites? And then a bigger question. Can you talk about the 2Q seasonality in the fiber business? Is this more gross add or churn driven? And do you now expect positive seasonality in the third quarter? Thank you. Pascal Desroches: Phil, Good morning. Through the end of the second quarter, we are at around $175 million POPs covered, well on track to deliver on the $200 million we had guided to earlier in the year. John Stankey: And look, I don't think I'd characterize second quarter's seasonality per se. I think I've been pretty clear, Phil, on, one, we had a significant account migration issue to both of our significant competitors rejiggered their offers in the market, which drove some shift in share. And I expect we'll probably see more normalized things now. As you know, there's device introductions that occur in the latter part of the year that certainly drives the seasonality of the upgrade cycle. And typically in 3Q, there's always that question of exactly what month that happens in. Does it happen in the end of 3Q or does it get pushed into 4Q? And we'll all probably find out about the same time on that as to what happens in this year's cycle that sometimes can move some numbers in 3Q and 4”