we see that with the kpn they are -- even though it will spend cash up front, in the long run it will be beneficial for the margin. >> this is a company that should be making an acquisition now, just to flush it out for our viewers not aware of it, they had a planned acquisition of the german unit. the cost is 8 billion euros. should they be spending this money even if some of it will be financed in shares, should they be going down this path at this point in time? >> well, i think in terms of it is very important in terms of cash flow how much -- how much cost cutting they will do. within europe, the game plan to adapt to the new environment is to do cost reduction, to do network sharing, and try to have a lower competitor. now will be only three player in ireland. in germany, the number will reduce. so that will be the only way for them to keep certain -- >> the consolidation, does this suggest that profits over this way in the telecommunications space in europe are just hard to come by? you got to be bigger, need a economy of scale to make it work. >> europe is one market. you need