“Yeah. So what we have said before was that we want to come to a ratio of 2.25 over the net debt to EBITDA and we are going to continue to work our way down and that is a primary goal for us.”

In context

“ers. And then, we are of course adding that with our broadband growth which is also helping us. And then, as Tony said, we are taking out cost at the same time. So that's how we work. And that's why we can lift the free cash flow for this year. The guidance even though we're on the high end on our CapEx guidance, as well as higher or headwinds from the interest rate. So that tells you a little bit how we feel about the business. How we now have the right propositions in a market and we can sort of retooling that if something happen. But right now, we feel confident about the model we have. Tim Horan: And related to that, I know you want to get that EBITDA back to pre-auction levels. Do you have a kind of a time frame on that and just remind us what - how do you do that? Hans Vestberg : Yeah. So what we have said before was that we want to come to a ratio of 2.25 over the net debt to EBITDA and we are going to continue to work our way down and that is a primary goal for us. Number one in the capital allocation is to invest in our business. Number two is continue to put our board in a position so they can increase our dividend. We are on 17 years of consecutive increases and thirdly we're paying down our debts. When we come to that ratio, we will start having a conversation about buybacks. But we want to do buybacks not that one-off or something. It has to be a consecutive program all the time. So, but we're not there yet. But the team is doing great job. Tony talked about the 2.6 billion they we reduced debt this quarter with the tenders were down. So we will continue to do that with the cash flow. That's where we are yielding right now. Tim Horan: Thank you. Brady Connor : Yeah, thanks, Tim. Brad, before we end the call, I want to turn it back over to Ha”