“We expect those to moderate as you look out the next two, three years.”

In context

“ion comes from Michael Ng with Goldman Sachs. Please go ahead. Michael Ng: Hi, good morning. Thanks for the question. I just have two. First, I was just wondering if you could talk a little bit more about the EBITDA growth inflection to 5% plus in 2028. What are the key drivers Is it more on advanced EBITDA growth accelerating or the legacy declines improving? we think about And then any thoughts on 2027 and just the linearity as the next three years? Thank you. And I just have a quick follow-up. Pascal Desroches: Sure thing, Michael. Here's the thing to think about that we are going through this year. We're bringing in the Lumen assets. We're going to incur pretty significant acquisition initial cost to integrate those assets. And to build this and to add to the distribution behind them. We expect those to moderate as you look out the next two, three years. Plus, we've mentioned to you our we are we those assets haven't been fully penetrated. And over time, more and more of those assets will become penetrated contributing to earnings growth. That coupled with the fact that each year that goes by, you have less and less of a contribution or dilution from our legacy footprint. Those things in combination gives us great confidence we're going to be able to drive an acceleration of EBITDA growth as you work your way through each year of the plan. Michael Ng: Perfect. Thank you, Pascal. And follow-up. Yes. Just on mobility, service margins, really strong in the quarter. I think the fourth quarter was the first time this year it was up on a year over year basis, which seems positive just given all the concerns around competition. I was just wonder”