Craig Moffett
MoffettNathanson LLC

All right. Good afternoon, everybody, and thank you for joining us for this afternoon's session with T-Mobile. Thank you to those of you who are joining us on the web as well from MoffettNathanson's 13th Annual Media and Communications Conference. And I'm delighted to welcome Peter back to our conference. This is T-Mobile's 12th appearance in 13 years at our conference.

Craig Moffett
MoffettNathanson LLC

And if I think back on those years, it's really been an impressive journey, I think, from upstart challenger in those days, to, in many ways, the industry's leader. So we've got a lot to talk about today, convergence, FWA, satellite. We're going to get to all of those. But just because it is so topical and with Deutsche Telekom having reported earnings and spoken this morning. I want to start with the reports in the news that over the last weeks about the possibility of corporate activity between you and T-Mobile. And -- between you and Deutsche Telekom. And make sure I understand the corporate governance aspects of that, that protect the shareholders here in the U.S.

Peter Osvaldik
Executive VP & CFO

Awesome. By the way, thanks for having us again. It's always a pleasure. I know we had our safe harbor statement up there, so I always point you to that. I'll be making forward-looking statements and, of course, non-GAAP measures.

So yes, let me start there. And really I just don't have a lot to add to what's speculation and the hypothetical transaction out there. But -- there have been a lot of inbounds around, okay, if