“And then once we get to the leverage metric of 2.25, we will consider buybacks at that time.”

In context

“trum. Tony Skiadas: Okay, Simon. And then on your question on the cash generation here, we're very pleased with the cash generation of the business. Cash on hand at the end of the quarter was $4.8 billion, which was very strong and reflective of our strong free cash flow results that is running higher than normal. As a reminder, we do have about $4.5 billion of the C-band clearing obligations remaining and due soon, and that's obviously a priority for us. The cash generation, as I said, is strong, gives us optionality and supports a much-improved dividend payout ratio. Our capital allocation priorities are unchanged. We said first we would invest in the business. The second priority is our commitment to the dividend. Our third priority is to delever, and you'll see us be focused on that. And then once we get to the leverage metric of 2.25, we will consider buybacks at that time. Simon Flannery: Great. Thanks so much. Brady Connor: Yes, thanks, Simon. Brad, we're ready for the next question. Operator: The next the next question comes Phil Cusick of JPMorgan. Your line is open, sir. Phil Cusick: Hi, guys. Thanks. With the price increases and the impact of the new pricing structure, it looks like you're trending above the midpoint of service revenue growth. I mean, could be closer to the high end. Any reason to think it decelerates from here? And then second, Hans, you spoke on private wireless. Can you dig into the market opportunity there and how long it takes for that to be a billion-dollar business? Thank you. Hans Vestberg: I’ll start with the second question and Tony can come back on the first. On the private wireless, what we have found out during the work w”