Good afternoon, everyone, and thank you for waiting. Welcome to the Earnings Call for the Fourth Quarter, 2024 at Unifique Telecomunicações S.A. Wanna highlight that if you need translation, we have this tool available on the platform. To access, please select your interpretation button through the globe icon on the bottom part of your screen and choose your language preference, Portuguese or English. For those hearing the video conference in English, you can mute original audio. We'd like to let you know that this earnings call is being recorded and will be provided on the IR website of the company, ir@unifique.com.br, where you can also find the full material of our earnings release. You can also download the presentation on the chat icon in English. Soon after the presentation, all participants will have their mics disabled. Soon after, will also begin the Q&A session. To submit a question, please select the Q&A icon on the bottom part of your screen and write your question to enter the queue. As you're announced, a request to activate your mic will appear on the screen. Soon after, you should activate your mic to start submitting questions. Please send your questions all at once. We also wanna highlight that the information in this presentation and possible statements that could be made during the call related to business perspectives, projections, and operational targets and financial targets at Unifique Telecomunicações represent beliefs and assumptions of the company's management, as well as the information that is currently available. Future statements are not a guarantee of performance. They involve risks, uncertainties, and assumptions as they're related to future events, and therefore, they require circumstances that could or not occur. Investors should understand that operational issues and other operational matters could affect the performance of Unifique Telecomunicações S.A. and lead to results that differ materially from those listed in future statements. Today, we count on the support of our executives in the company for this presentation, Fabiano Busnardo and José Wilson de Souza Junior, the financial investor relations director. We'll pass the word on to Mr. José Wilson first. Hi, good afternoon, everyone. Thank you for your participation today in this earnings call for the fourth quarter of 2024, Unifique S.A. First of all, we want to highlight that we're really proud and satisfied to say that for the sixth time, Unifique was elected as the best broadband internet provider, and this recognition is a reflection of the quality of our services and dedication that our team has with each customer. We wanted to have special thanks to our employees, because without the dedication and support from everyone, this successful journey would not be possible. This recognition only reinforces our mission of being the best choice for those that would like to have the best connection. I wanna say thank you so much to all of our employees. Having said this, we're moving on to the next slide, which is related to the highlights in 2024. To perform the exercise in 2024, we have this following highlights. First, we had 44,525 net adds in the period of 2024, and in the beginning of the year, it was quite difficult. We had some effects there, the catastrophe in Rio Grande do Sul in the mid of the year, but in the second half, we were able to recover and deliver these net adds. In the exercise in 2024, we improved the churn index at Unifique, reaching a rate of 1.63%. The EBITDA conversion and the free cash operational flow was 108.5%. In this way, we sustain the growth of Unifique and guarantee returns to investors. This is an important point for us to make sure that the results operationally in the company really are converted into cash flow and help profitablize our shareholders. We'll continue with a low leverage financially, 0.66 x, and this guarantees the financial confidence and security considering the economic scenario that's challenging that we're going through, and possibilities also to perform transactions that are transformational. We always keep our eyes open to possible operations that could effectively contribute to the growth of the company. Moving on to the next slide. Here on this slide, we highlight the main pillars at Unifique. This is a challenge for everyone in the market, but for us, we're really proud of this pillar, which is a pillar that consists in technological innovation. We're proud to share that 80% of the broad fixed broadband network at Unifique already uses the XGS-PON technology. For those that are not familiar with this, XGS-PON is a technology that's cutting edge, and it allows for ultra-quick connection, stable, with greater transmission capacity, guaranteeing an experience that's high quality, right? Ever since 2023, Unifique has been building the construction of ports and homes passed and directing their engineering activities to the reorganization of acquired networks, and that's where we've had a series of M&As in prior periods, and also directing this to the use of presence points that are in certain locations, and also the construction of our. In the exercise of 2024, a reduction of about 65% if we compare with the 231 ports built in 2023. What we're searching for now is to equalize our take-up rate, and in the scenario we're in with growth in our accesses, and this really helps us have this indicator get better. Moving on to the next slide. The operational performance. On the December 31st, 2024, Unifique was able to reach 3.5 homes passed and 791,000 homes connected. As mentioned previously, the organic growth was 45,525, an increase of, considering all of the net adds that took place in 2023. This performance reflects mostly the expansion in the offering levered by the plans with mobile phone, and that's really. The average churn in the exercise was 1.62%. However, this has really considerably improved this indicator. In the fourth quarter of 2024, the churn was 1.55%. The company understands, and this is really well mapped out, that this indicator can be even better. I also wanna highlight that the exercise in 2024 was marked by a considerable volume of mergers and incorporation, integration of the companies acquired. Only the Vex controller is not incorporated. In this way, all of the companies acquired are already operating according to the standards, and all of the synergy is captured as well. That really helps with the cost management aspect as well, and to keep the margins in the company for profitability. Moving on to the next slide. Slide on 5G. In the mobile segment, Unifique ended the period of 2024 with 95,300 accesses with an initial expectation, looking for good surprises during the year, to reach 300,000 accesses in the end of 2025. In December 31, 2024, Unifique had its own coverage in 11 cities, with nine cities in Santa Catarina and two cities in Rio Grande do Sul. This represents a coverage of 305,000 people. Great coverage. In some of these cities, we also see, like such as Timbó, where we already have over 10% market share in the city, and we've been growing. This is very good result for the company. For information purposes, Unifique expanded its own coverage in phone services until this date to 38 cities. One important highlight, from these 95.3 000 accesses, 56.1% consist of the lines that are ported from other operators, which really demonstrates the choice that Unifique clients have, right? This is also related to the fact that 82% of the mobile phone sales are also considering the GPON. That also justifies the growth we started having in the broadband. In July 2024, Anatel also authorized Unifique to use the frequency in 565 cities in Santa Catarina and Rio Grande do Sul to open up a broad scope of opportunities in this mobile phone segment. Moving on to the next slide, where we talk about the financial performance. In the year 2024, Unifique had a gross revenue of BRL 1.3 billion, an increase of about 15% compared to the year 2023. This was mainly levered by the activation of plans that are welcome, depending on the market we're operating in. Unifique also considered a significant growth in the profit, BRL 164.6 million, and a growth of 20.3% compared to the period of 2023. This is really a significant growth if you compare with other market players. Everything that's done in the company and all of the due diligence processes with the data and the search for growth management and costs and expenses all provide us with this growth of 20.3%. The EBITDA was BRL 499.9 million, almost BRL 500 million, and an increase of 13.4% if compared to the year of 2023. The EBITDA margin in the year of 2024 was 48.8%. This really reflects in the effort we have to keep the profitability of the company. Fabiano up ahead will talk about this a lot with 5G, and he'll be able to explore this and the different points of concern the company has to have to keep the profitability of the operation. Moving on to the next slide, as we talk about our debt position. Our net debt at Unifique had a variation of 11.5% if compared to the prior year, reaching an amount of BRL 334.4 million. We also have a solid cash position adding up to BRL 447.8 million on the December 31st 2024. This cash really gives us the conditions we need to go through this difficult economic period in a very comfortable manner, providing a series of options to the company, and this is really important. Some important highlights are that 79.9% of our gross debt are indexed according to this, which is also something that we're searching for and thinking about during the last periods. We saw that our decision was really precise. Then in March 2025, we completed the fundraising of BRL 40 million alongside BNDES and a grace period of 12 months, and that's a four-year utilization. The company's debt scenario is. It's unanimous to state that compared to other players in the market and new segments, we are doing really well. We're way ahead and in this very comfortable position. We've really set on the right path. Moving on to the next slide. When we talk about the returns on investments, we highlight the indicators of profitability at Unifique. When we consider the main companies in the telecom sector, Unifique stands out as the best ROIC in the segment. We're constantly searching for this profitability. This demonstrates high efficiency in capital allocation. Then you also have a dividend yield with a controlled leverage where Unifique reinforces that the financial liquidity reinforcing this attractiveness. In the telecom segment, we have nothing similar. Moving on to the next slide. I think that here there's an important point to highlight, and I'm going to end my presentation. I want to highlight the event related to the Rio Grande do Sul catastrophe. It reached 94% of the cities in Rio Grande do Sul. Unifique, amidst all of the challenges caused by the floods, was able to take all the necessary measures to reestablish services quickly. This was just possible due to the determination and support. Amidst all of this, in this scenario with the challenges we have in 2024, we want to say thank you to the company and employees. In this way, we end the presentation, and we pass this on to Fabiano so that he can present his considerations and also his comments. Thank you, José Wilson. On our side, we just wanna highlight that there's some things we really consider that are very important in our day-to-day, that we were able to improve in 2024. With our churn rate, we had come from churn rates that were very low, and in the post-pandemic scenario, we had peaks of 2.42%. We don't believe in a company with a churn that's so high, and we had some constant work, and we were able to bring that to 1.62%. We believe this is a result that should be celebrated. We're not completely satisfied, and we're gonna definitely try to improve this even more, but we keep our level of debt very controlled. Brazil maybe is going through a period that is a bit difficult to foresee the future. We decided to keep ourselves at this level now to understand how the next periods will take place and if we can be a little more aggressive. Regardless of us keeping this level of debt more controlled, we continue to work on the investments, updates, and technological updates as well. The companies that we bought that we updated as well, we don't wanna give up on. We wanna keep these investments and really have the company keeping up with its level of quality, which is what's going to make us competitive in the future, of course. Just as we've also been working on the investments in our new vertical for mobile communication with bringing in technology, 5G technology, and all of this, of course, as we pay off the dividends which are due to the investors in our company. What we hope now in 2025 is that we can have this increment in growth. If we take a look at our history in 2024, we'll see that we start in the quarter with about eight, sorry, 4,000 net accesses, and we go to eight, then we go to 15. We were able to keep this in the fourth quarter. If we keep this pace, we'll be able to increase another 50% of the growth organically in the company at the fixed level, and this is all very good. The main point we wanna highlight here in our year of 2024 is our investments in 5G mobile communication, and I just wanted to talk about this with a lot of conviction, where the risk of execution is absolutely eliminated. We've worked for two years projecting this, and in 2024, we started to implement this. We started to perform the sales, and I can state that certainly it is a complete success. What our main concern was, well, are we gonna have the capacity to build a network that is technically competitive when it comes to the quality and capacity for data delivery and coverage, and also being competitive in the economics? Are we gonna do this at a number where we really think we're gonna be able to compensate our investments? Well, now, of course, we have to understand that we're just in the beginning of this journey. We had eleven cities last year, but most of them have already been delivered at the end of the year. We had started off with three cities. We wanted to stress this as much as we could to learn and find a knowledge. Now in 2025, we've already had over 27 cities. We went, from, as you saw in the presentation, 305,000 people covered, and now we already have 750,000. We have some cities that are a little greater that are being implemented, and we have to understand that there's a difficulty when you have a city that requires 40 ERBs, and then you have, like, maybe 25 installed. We need to keep these 25 turned off because if not, you're gonna have a confusion in the city, and that's where we have in bigger cities a certain delay, but when that comes in, you also increase the population considerably. Today, we're quite at ease that this vertical will be a huge success. It's already started off very well. Today, we have no more concerns about if we're gonna be able to do something, good about this or not. It's great. If you're in our area, we recommend you to test the services, which is really unique and can't even be compared with our competitor. Of course, we have challenges here, and we need a little more time. We need to search for this recognition of the quality and the new technology. The whole network is pretty new, and so we need to search for the recognition. This type of service, Unifique is really well-known for the quality of the services, and in fiber and fixed connections. Anatel disclosed the results last week again, and so Unifique got even better. This research is done by the National Telecommunications Agency. It's not like a survey that's hired by an operator. It's the regulator that actually performs this assessment. We have about 65,000 responses. We got the third-best score in Brazil, which is way ahead of our main competitors and with the best score in the south of Brazil, going from 8.10 to 8. We're gonna have to reinforce the recognition we have in fixed broadband. We'll also have to ensure that our future and current customers understand that we also have the capacity to do the same work with the mobile connections. Here we're adding and implementing a new technology, and we have a big obstacle here, a big challenge, which is the updates of the cell phone devices that are in the hands of customers. Although we're selling things well here, and we consider things are doing pretty well, we have a limitation, a barrier. Sometimes customers arrive at our store, but their device is still too old, and we can't update or service their needs entirely. We also need to understand that at every Christmas period, people buy new devices, and our life will get a lot better in this sense. Besides this, I wanna highlight that despite we're doing really well, we're calibrating this investment. Why? Because we also don't want to, due to the market scenario, also have to count on the updates of the customer base in the hands of customers. We also don't wanna anticipate too much of this. Of course, we're gonna accelerate this year. We should have over 100 cities in 2025, but I believe that 2026 is gonna be a year where we made about BRL 10 million last year. This year we should reach about BRL 60 million-BRL 70 million, and I think we have the conditions to build about BRL 150 million-BRL 200 million. Just to understand that things start taking on, by 2030, I'm sure that mobile connection will be handling the fixed broadband. We see this challenge, and the auction took place maybe three years ago, and everyone's a little anxious. Today we are really at ease in regards to this. I think that on my side, just so we can get into possible questions, if anyone has them, and then we'll be able to start with the Q&A. Now we're going to begin our Q&A session. We want to remind you that if you have questions, you must select the Q&A icon at the bottom part of your screen and write your question to enter the queue. As your name is announced, a request to activate your mic will appear on the screen. Then you must activate your mic to submit a question. We'd like to ask you to perform all of your questions at once. Now we're gonna head to our first question from Fernando Abate, Itaú BBA. We're gonna enable your audio, Fernando, so that you can submit your question. Fernando, you may proceed, please. Well, good afternoon, everyone, and thanks for taking my question. On my side, I have another two here. You've already mentioned a bit of the expectation for mobile. In the end, you reached up to almost 100,000 customers for 2025. You're already expecting maybe to be in another 100 cities. But give us some data. You said that 80% of the mobile customers have, like, a combo plan. But could you give us a little more color on this, explaining a bit more about this? And you also mentioned that the leverage is at a very controlled level. Debt's already controlled. So how do you plan to manage this debt with the investments for expansion? Thank you so much. Hey, how's it going? Well, what we can say is that I think it's a combo of information, and a lot of different points going on. The first thing is when we talk about investments, and we even had a more accelerated CapEx in the fourth quarter of 2024, which was mainly due to 5G. These were things that were restrained, and then they were unleashed by the end of the exercise, taking on obligations to pay off cash positions incurring during the exercise of 2025. What we spent in the fourth quarter of 2024, this is upfront, and within the exercise of 2025, we have a plan to build about 400 stations approximately, for all the coverage that Fabiano mentioned, to have our own network. When we talk about values effectively, we are still talking about how our CapEx, and this is broadband and 5G. We're talking about BRL 390 million for the exercise of 2025. Once I have a balanced company with profitability, making my EBITDA generate cash, I can go over all of the 2025 exercise, paying for dividends, working on my CapEx without having to access the market to fundraise. Of course, we speak about this constantly because we are prospecting the best rates for the company, and it's working well so far. We continue to talk to the banks because if there's a cost of debt that is attractive to the company, then we're gonna fundraise accordingly and keep the cash stability. The scenario we have today with the structure, we can spend the entire year of 2025 working on the investments in CapEx and paying dividends to our shareholders, and then finally reaching the end of the year really well with the structure we have with our capital structure and the net debt to EBITDA as well. This is Fabiano, and I'm gonna add on about the plan. We prioritize now in the beginning our combo offering because we believe that one way for us to improve our churn rate even more, which is already one of the best in the market, is to have our mobile fixed pack. And I think the benchmark shows us this as well as other companies that have this condition. This is a way for us to be more ambitious and improve the numbers. This was also the beginning year. We're focused on this. This is always gonna be our priority. Today, now we're also working on this because we also wanna sell pure mobile, 'cause there's a lot of cities that we're gonna sell mobile where we don't even have a fixed network, so we have to learn how to sell that on its own. Maybe in May or June, we'll launch our prepaid. It's not a priority, but we need to understand and recognize that the market is sovereign, and part of the market is a prepaid market, and Unifique wants to also be in this segment. Regardless of if today all the movement and effort of the operators that are already in the market to bring the prepaid customers to postpaid, and it might not be possible to take everyone, maybe you can improve this relationship. We're always gonna prioritize this, but we'll also come into prepaid because at the end of the day, whether we like it or not, we have all of the infrastructure already, so why not explore this segment? From the commercial side, that's just what I wanted to add on to José Wilson, and we're gonna calibrate this today. We're losing a bit of margin, the consolidated margin. If it weren't the new one, it would be better. It's a sacrifice we have to make to start, and we're working on this to at least not degrade this, besides what it is like today since we have a good margin. That's what we plan to keep as we also build mobile and we gain more force and revenue from mobile, which will help us to build this new company that's fixed and mobile. That's what we're dedicating our time to. Okay, perfect. Thank you for the answers. Perfect. Now let's head to our next question from Bernardo Guttmann from XP. Bernardo, we'll enable your audio so that you can submit your question. Well, good afternoon, guys, Fabiano, José Wilson. I have two questions. The first is about fiber. If we could, explore a bit more of the competitive environment, and what you've seen per region, the perspectives to go over, price, throughout the year. The second is about 5G. Fabiano was emphatic about the risk of execution in this new vertical, transmitting a lot of confidence that the risks are being mitigated. It'd be great to hear, Fabiano, if you could talk about the assumptions you guys have and get into details of the economics, market share assumptions. I think that's gonna really help us to do some more math. Thank you, and congrats on the results. Hey, Bernardo. Thank you for being, here and participating in our call. You're always very active in our sector, right? On fiber, competition is at a level that is extremely high in Santa Catarina and Rio Grande do Sul. Of course, in Santa Catarina, since we have a more consolidated brand, we're here for 27 years, and we can handle this ultra-competitive environment, right? In Rio Grande do Sul, we've been there for four years, and we've improved a lot, but we're still not in the same situation as Santa Catarina, and we're working tirelessly on this. Yesterday, I arrived from Porto Alegre, and we're dedicating our time to Rio Grande do Sul to really improve our lives there. What I wanna say is we're going to have organic growth this year that's gonna be greater than 24%. We improved a lot in the second semester 2024, and 2025 will have growth organically that's gonna be a lot better than 24%. Does that mean it's gonna be transformational? No, but it's gonna be better, and that'll help us a bit. Now, about price transfers, I think that we're reaching our limit, and we're gonna have to at least work on some value updates. We're looking into some studies for this year because it's undeniable that inflation is weighing in more. In May, we have salary adjustments for our employees. We have to study this possibility, and I think we're gonna be able to do something in regards to this, which would be able to help us monetize this a bit more. We're gonna, of course, be in this expectation. We're a company that's not too leveraged, and although we haven't acquired any company in 2024, we still haven't abandoned the inorganic growth. We continue to talk about this, but the situation's quite difficult, the buyers and sellers. Who knows, soon the. Well, for us it's important to also have taken a break now. On the March 31st, we're gonna have our last integration, and so we also had to digest this a bit. We had over 30 companies we acquired, so really a lot of work. Now we feel comfortable financially, and also with the operations, we had some other priorities. You didn't mention this yet, but I think it's important to mention fiber as well, because soon we may even have some inorganic amounts, like soon. Now about 5G. First of all, we had that thing I had mentioned with a serious concern, right? I criticize the mobile networks we have because I say that our mission is to kill the Wi-Fi hunters. Anywhere you go, the guy goes to a restaurant, the first thing he says, "Can you give me the Wi-Fi password?" I said, "Hey, it's not possible that we aren't building a mobile network that can really work at a cost that is not prohibitive." This is the advantage, right? People are not paying attention to this. 5G can deliver a volume of data at a cost that's a lot lower. Considering all of the challenges in the beginning of technology, you're saying, "Oh, I've been in the business ever since 1997." I started off with dial, then we went to radio, then we went to fiber for big companies, and then we went into smaller companies, and then we had we split this in a more fragmented approach. 2016, 2017, you wanted to sell fiber to someone that had XDSL. You wouldn't, because the guy would say, "Hey, I'm satisfied with the service." After, you had new applications, and then everyone wanted to buy more, right? Today, you don't need 5G. You don't even have no applications in your cell phone that require 5G. Tomorrow, things will be different. 2027, 2028, they're right around the corner. Whoever has a 5G network that really was born as such, we have this, we had this advantage in fixed and in fiber because we started this network without legacy, right? We were a radio provider, and then when the guys need to keep their eyes open because we're building a mobile network in a blank page, right? Which it gives us the conditions to build a business that is unbeatable technologically. "Oh, we only have like the new networks." Right. You don't have a updated device, you can't use our network. In 2018, we're gonna see the applications of 5G, and then you see, "Oh, 5G, everyone has that, but I'm gonna deactivate 5G on my cell phone, and I want someone to provide with 5G, and." This is gonna make a difference. It made a difference on fiber and also mobile. I know this is a challenge, but anyways, about the commercial issues, we're very comfortable. This is something that's just starting. We have the systems evolution, but everything's doing really well. Now we're gonna have to be patient, right? We focus a lot on selling the combos. We have a ticket that is BRL 37 or so in post-paid, and we have plans that are BRL 29, and we have maybe around BRL 37 or so. Our base is still small, Fernando. We're not comfortable to be so convicted about the numbers in the future because we have a small base and we're learning every day. From what we have today, these 120,000 subscribers at BRL 37 average ticket. We don't have prepaid. When we start working with prepaids, then we know that if we don't separate things, on average, this amount will also drop. The system is already available. It's ready, prepared, it's robust, and so we won't give up on the idea of also joining prepaid, right? We're gonna embrace this cause because we know we have a big amount of the population that has these issues. Whoever can buy our plan will have a capacity for data that's a lot greater. We've also worked on a 5G coverage, and even in an indoor environment, it's worked pretty well. If you come here, you can come to my room. There's no windows here in the meeting room I'm in, but you can even test this on our Wi-Fi. Unifique knows how to work with Wi-Fi, and I'm sure I can prove that 5G here is better than the Wi-Fi network. That's the beauty of this new protocol. A while back, we had a newsprint saying, "Oh, we don't need 5G." You see, that's sensational, and we need to understand that from the three cities we worked on first, we already have over 10% of the share. Even with all of the limitations I'm mentioning, we don't have prepaid, we have limitation on the devices, outdated devices, but we already have 10% share, so this is incredible. Of course. Are we always gonna see this? No. Only in cities where we already have a consolidated brand and at wonderful costs. I'm sure, Bernardo, that with 20% of the share, we make more money in mobile than in fixed. We can see the evolution of our sales really indicating that 20% of the share is not absurd. We have 100% of the market, three big operators, and so why would we keep 33%? No. Well, we're still being generous, right? With 20, I think it's a great deal. Soon, we already started to have more relevant materials, and Unifique started to promote them. That you can also understand what's coming from one or the other, today we're losing about two percentage points of EBITDA because of mobile, and we think it's really worth it, this sacrifice, right? It could be a lot more. I was conservative. We're a little slower, but we have time, right? Our obligations go all the way to 2029. We're going to try to anticipate this, but we have no cities that we have to do this year, and we should already have about 90 to be really comfortable with this. We have about 800 to work on till 2030. It's a great market, and we'll be available if you need any other clarifications. Thank you very much. Thank you, Fabiano. Thanks, guys. Take care. Now we'll pass the word on to the company to answer the other questions received by chat. Great. The first question here is from Guilherme Fonseca at Tribuna. "Good afternoon. Congrats on the results. If you could provide more details on the increase of the CapEx in the fourth quarter, and how we should expect the dynamic to behave in 2025." The second question is, "When we should expect the beginning of the operational leverage of SG&A with mobile?" Well, I think in some way, we've actually already answered this issue with the CapEx in the fourth quarter. That was limited, but we were able to unleash this and then reached this amount in 2025, but in line with the numbers we mentioned, right? We should have a CapEx generally of about BRL 390 million for 2025. When should we expect the beginning of the operational leverage for SG&A and mobile? Well, in some way, as we are very diligent in this aspect with balancing the revenues and the costs of 5G, we have no expectations to have, like, a deterioration in the margins besides what we're presenting. What we can have are positive surprises, amidst a scenario, with 5G because costs and expenses are really well-balanced. We have another question here from Gustavo Roberto. The end of the last teleconference. This information should also be working on the construction of 5G. Could you provide more information about this? Well, this is something that we've already talked about a lot here. In regards to the payment of dividends, we have a flow of for the payment of dividends. We have no specific policies for dividend payments, especially because we're in this moment with investments in 5G. This has led to a bit of a recurrence in the payment of dividends. There's a bit of unpredictability in the values that we've been distributing due to the recurrence we have. This is in our flow, our business plan, and CapEx also fits in very well. We'll have the recurrence for the payment of dividends as we're working on. Also when we consider the capital structure, we believe that this can support the 5G investments. Well, to add on to this, as I had mentioned initially, even with the adequate investments to keep the company updated technologically and investing in this new 5G vertical, we've been paying out dividends, and we'll continue to pay them regularly. Obviously, when we reduce these investments and then maybe we can increase these even considerably. At this moment, we still can't consider a specific policy because we are starting this new vertical, and there's this opportunity that came up, and we think it's gonna really be worth it, for the company shareholders. Thank you. The Q&A session is officially ended, and now we would like to pass on the word to the company for their final remarks. Thank you all for your time, guys, and I hope we can transmit the confidence in the future of our organization. We've been trying to always be aware of the main indicators, churn, profitability, investments, dividends, and really keeping this balance, right? Things do well because this is what we're really believing in, right? We wanna have the continuity of the business, sustainability, competitiveness, and I think we're on the right path. There are challenges, macroeconomic challenges, but at the end of the day, I think we are really being able to overcome adversities, and we constantly build a stronger company that's more resilient to face any kind of adversity that could appear. Thank you so much, everyone, and take care. The earnings call related to the fourth quarter of 2024 at Unifique Telecomunicações is officially ended. The investor relations department is available to clarify more questions and issues. Thank you, everyone, and have a great afternoon.