Good morning. My name is Caleb, and I will be your conference operator today. At this time, I would like to welcome everyone to the América Móvil Second Quarter 2026 Conference Call and Webcast. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press the star one again. Thank you. I will now turn the call over to Ms. Daniela Lecuona, Head of Investor Relations. Hi. Good morning, everyone. Thank you for joining us today to discuss our second quarter 2026 financial and operating results. We have on the line Mr. Daniel Hajj, CEO, Mr. Carlos García Moreno, CFO, also Mr. Oscar Von Hauske, COO. Thank you, Daniela. Welcome everyone to América Móvil second quarter of 2026 financial and operating report. Carlos is going to give us a summary of the results. Thank you, Daniel. Good morning, everyone. Well, we can see that throughout the second quarter, with the Iran war raging, oil prices remained elevated, peaking mid-May at a price roughly 70% higher than prior to the war. This brought about greater concerns regarding inflation worldwide and the expectation, and in some cases, the reality of higher interest rates, including those at the long end of the yield curve. The 30-year U.S. Treasury notes reached their highest yield in nearly 20 years. However, in spite of a supporting dollar rate, the U.S. dollar did not grow stronger against most currencies in our region of operations this second quarter. In fact, actually depreciated 6% versus the Colombian peso. In the second quarter, we added 3.5 million postpaid subscribers, with Brazil leading the way with 1.5 million subscribers. Colombia followed with 250,000, Peru with 173,000, Argentina with 154,000, and Mexico with 101,000 postpaid subscribers. In the prepaid segment, we raised 3 million net losses as Colombia and Argentina cleaned up the base. In the fixed-line segment, we connected 531,000 new broadband accesses. Mexico was the main contributor with 170,000 accesses, followed by Brazil with 83,000 and Colombia with 74,000. As regards Pay TV, we added 110,000 units, with most of them coming from Argentina, Eastern Europe, and Central America. Mobile postpaid and fixed broadband accesses remain the main drivers of growth of our customer base, increasing at an even faster pace, 9.1% and 6.1% respectively, compared with the year earlier quarter. Second quarter revenue was up 3.1% year-on-year in MXN terms to MXN 241 billion. Our service revenue increased 3.4% and EBITDA 3.8%. Compared to a year-earlier quarter, the Mexican peso appreciated significantly versus the USD and the EUR at 12% and 9% respectively. While remaining flat versus the BRL and depreciating 3% versus the COP. At constant exchange rates, service revenue was up 5.1%, while EBITDA increased 5.3%. It would have increased 6.7% absent a one-off charge in Mexico. Mobile service revenue maintained the pace it has observed over several quarters, 6.5%, while fixed-line service revenue accelerated to 2.7% from 1.7% the prior quarter, with the downward trend in fixed-line growth coming to an end. On the mobile platform, postpaid revenue expanded 7.2% as in the preceding quarter, with prepaid revenue growth continuing to accelerate to 5.3%, up from 3.1% a year ago. Mexico, Colombia, Central America, and Eastern European blocks were the best performers in terms of improved mobile service revenue growth. Regarding fixed-line service revenue in the residential segment, both broadband and Pay TV revenue growth somewhat more rapidly than in the preceding quarter, 4.2%-5.4%, up from 3.1%-4.6% respectively. B2B revenue growth remained stable at 4.0%. Mobile, Peru, and Central America all contributed to the improvement in broadband revenue growth. As for the recovery in the Pay TV segment, Brazil was the top performer, moving up from a 4.7% pace to 7.5% pace. Operating profit totaled MXN 51.8 billion and was up 9.5% in MXN terms. Our comprehensive financing cost rose to MXN 10.4 billion, reflecting lower foreign exchange gains that more than offset lower net interest costs. Our net income totaled MXN 24 billion, a 9.2% increase from the year-earlier quarter. It was equivalent to MXN 0.40 per share and $0.47 per ADR. Throughout the first half of the year, our capital expenditures amounted to MXN 48 billion, our share buybacks to MXN 4.6 billion, and the service of our labor obligations to MXN 8.4 billion. These were all covered by our cash flow, which together with net dividend income of MXN 1.1 billion, allow us to reduce our net debt in cash flow terms by MXN 3.9 billion. You can see in this slide. Excluding capitalized lease obligations, net debt totaled MXN 402 billion at the end of June, which represented 1.31 times last 12 months EBITDA after leases. With that, I will conclude this presentation and will pass the floor back to Daniel. Thank you, Carlos, and we can start with the Q&A. At this time, I would like to remind everyone, in order to ask a question, press star then the number one on your telephone keypad. We'll pause for just a moment to compile the Q&A roster. Your first question comes from the line of Leonardo Olmos, UBS. Your line is open. Go ahead. Hi, everyone. Good morning. Thank you for taking the question and congrats on the numbers. We love the leveraging we saw. My question would be regarding competition in Brazil. You mentioned a more competitive and promotional environment in Brazil. Which segments are most concerned? How does these entry-level hybrid plans, such as Claro Flex, fit in these scenarios? I'm asking specifically about the new around BRL 30 per month, low-end hybrid plans that all the three mobile carriers launched. Thank you. Thank you, Leonardo. We're talking a little bit about Brazil. I think in Brazil, we have a lot of things. The first is, well, if you see one year ago, second quarter, the growth was very high. The comparative between second quarter last year and second quarter this year is a little bit difficult because second quarter of last year, the growth was higher than it used to be in the other quarters. It's a difficult comparison between quarters. Okay? That's one of the things. The second, no doubt that the market has been more promotional. Where we are seeing more promotions are in prepaid and in postpaid. What you told about the Claro Flex, I don't think there's any change on the trends on Claro Flex, postpaid, prepaid. I think everybody's more or less seeing the same trends. We are not selling more cheap postpaid or more cheap prepaid. We are seeing the same trends. The only thing is that promotions are becoming a little bit more strong. I still think that we're going to have a recovery in second, but in third, but more in the fourth quarter. We're going to see again a little bit more growth in mobile. If promotions and our competitors are more aggressive, we need to be a little bit more aggressive. I'm not sure what is going to happen in the next months. Maybe the promotions are not so aggressive. We don't know. It depends a lot. We're following them. Since May TIM and Vivo has becoming more aggressive, we have to follow, and we're going to follow that. That is what is happening. In the other side, in the fixed side, we are being and growing revenues. We are growing revenues from, let's say we have in Brazil, I can tell you, we start with one year ago, 1.5% growth, then 1.8, then 2.6, and today 4.1. In fixed, things are going better and things are looking stronger. At the end of the day, we have a very strong network. We are doing very good in 5G. We are investing in customer care. We have a very good NPS. We are doing convergence. If the market is aggressive for this moment, we're going to be a little bit more aggressive. In the future, if things are going the other way and less promotions, we're going to see better revenue. We are still gaining in mobile portability. We are the gainers in postpaid in mobile portability. All overall, we are looking Brazil good. The other thing important that you can see is that we think, and we're feeling a little bit a slowdown in the economy. That's also one of the things that we're looking how, why revenues are decreasing a little bit because the economy, we see a little bit of a slowdown. It's too early to see. Let's see what's happening in the next months, we can find if the economy, the trend is going slow or it's going to stay the way it is. That's more or less what we have in Brazil, Leonardo. Makes a lot of sense. Thank you very much, Daniel. Thank you. Your next call comes from the line of Marcelo Santos, JP Morgan. Your line is open. Go ahead. Hi, good morning. Thank you for the opportunity to ask questions. I wanted to ask about Mexican prepaid performance. The revenue growth we are seeing there has been accelerating every quarter for many quarters already. Usually, you discuss this in the light of improving Mexican economy, but what we hear from consumer companies, it's kind of not such a great story on the consumption side, yet your performance is good. What kind of initiatives have you been putting forward? What is happening in the competitive environment from inside or outside of América Móvil that's helping you to deliver these results? Thank you. Well, as you said, we think that the economy at the beginning, when we were almost flat in prepaid and were growing maybe 1% in prepaid, was maybe two years ago, when we think that the economy was in a slowdown period. Right now, I think the economy is going back and our prepaid customers are consuming, are recharging more, and are charging higher prepaid cards, okay? Instead of charging MXN 50, they are charging MXN 80 or MXN 100. People are starting to use more and more. 5G in Mexico, really we're the only ones that have a very good 5G network, and that's also helping us a lot. The other side, we have a little bit more coverage, so we're gaining some good subscribers that we didn't ha ve. We're starting to do a little bit more coverage in some places. Overall, we have a very good base on prepaid. Difficult to say, we have a lot of our prepaid customers are consuming. We don't have a base that some of them are consuming, or they are maybe one month consuming and two months not. All these customers every month are charging and using more data. Those are the things that are helping a lot on the prepaid side. Our base of people who is recharging is growing, and that's very good for us. Perfect. Thank you very much. Just a small detail on the economy. As Daniel points out, I think that the economy is on a recovery path. It is coming back. I think at this stage, it's very uneven, it's not affecting all the sectors the same way. I'll give you the two reference points. As of June, we have registered the highest ever volume of sales of automobiles. Highest ever. The growth of the automobile sales are almost identical to our prepaid revenues. The growth of the prepaid revenues. Just to put it in perspective. Another reference point is if you look at other services like restaurants, they are booming. All sorts of restaurants, high-end, low-end, all of them are booming. It's a little bit uneven. You have some sectors that are doing particularly well, some other sectors that are still not recovering. Okay. Pretty interesting. Thank you. Thank you. Your next question comes from the line of Phani Kanumuri, HSBC. Your line is open. Go ahead. Hi, everyone. Thanks for taking my questions. My first question is on M exico mobile revenue growth. It has registered a very strong growth. I'm wondering if it had any positive impact from the World Cup that is happening in Mexico. Are you seeing higher roaming revenues? Have you seen higher growth in June compared to other months? The second question is also on Mexico. How is the progress happening on the mobile registration, what% of customers have already been registered on this front? Thank you. The first one, I think the World Cup impacts a little bit. I don't think it's too much. The Wo rld Cup was not only in Mexico, we have only seven games, something like that. There's people coming. We see more roaming here in Mexico, more people using. It's not only the roaming, since people are using more, it's looking. We have a very good 5G network, they are looking the games in the iPad, in the phone. That will have a little bit more consume. That will be only two weeks in June, it's not too much. What we are seeing is that a lot of our customers who are coming back to our store and want to renovate, they are renovating. I can tell you that maybe half of our subscribers are upgrading their plan. That's very important. They want to have a better plan. They want to use more. They're using more the concept. That is what is giving us on postpaid a very good growth. A lot of our customers are moving to a higher plan. That's what you could see. The market is very competitive. We have a lot of competition in the market. As I said, we are the only really 5G network, very good network all around Latin America. We're working a lot on quality, we're working a lot on speed, customer care. We're trying to give our customers the best service, and that is making us to grow that. In the registration, well, from now on, what we said is that there's going to be new dates for the registration. The dates are going to depend on the end of your number is where you need to be registered. It's going to be only the prepaid subscribers. The postpaid are already in. They don't need to register the postpaid subscribers. I don't know exactly the number on the industry, but there's still a lot to do on that. Every 15 days, every month, there's going to be a new number, and then you have to register your prepaid number. That's what it is. It starts in 15th of August and ends on, I think, end of November or beginning of December. That's what the authorities are saying, and that's what the people need to do in prepaid. They need to register. Since January, all the people, all the new customers that all of the companies have to be registered. Since that, all of them have to be registered, and this is only for the actual customers that need to register their numbers. That's where we are, and we hope that all of them will register. Yeah. Thanks for the responses, everyone. Thank you. Your next question comes from the line of Rogerio Araujo, Bank of America. Your line is open. Go ahead. Hi, everyone. Thanks for the opportunity. I have a couple of questions. The first one on the line, other financial expenses, it rose to roughly MXN 6.9 billion in the quarter. This was a 40% increase year-over-year. Could you please break down what drove that increase? Specifically, how much of this relates to cash outflows tied to your labor obligations and pension funds? We saw this was nearly MXN 6.9 billion in the quarter as well. Also looking forward, what level of annual pension-related cash outflow should we model given the maturity of the Telmex plan? This is the first one. The second on NuCel. Could you gently walk us through how it's reflected in your accounting and KPIs? Specifically, are NuCel's users counted within your reported subscriber base and net adds? We think so, but if you could confirm. Also, how is the economics recognized? In full revenue or only Claro's revenue share? We can have an idea on how this impacts ARPU. Finally, how should we think about the associated network commercial costs and margin profile of NuCel in our results? Thank you so much. Sure. Thank you, Rogerio. On the first question, on all the financial expenses, basically, what we are reflecting is partly a little bit of the elements of the fine that was mentioned a while ago. Because as the first ruling was some years ago, part of the fine ended up being a financial expense. It was a financial penalty that were accrued since the initial ruling. Okay? The other part that is important, another expense generally, and this you will see it all the time, is that that's why we have the currency hedging transactions, among other things. Typically, when you are gaining on FX, to the extent that those gains had already been hedged, you are giving back part on your expenses. It works on opposite directions both cases. Okay? That's part of it. It's part the fine and part your expense. It's nothing to do with the pensions. The pensions are accrued, an accounting visit. What we are showing here is an accrual basis. It's not on a cash flow basis. Okay? The actual business, there's no change. On NuCel, there's two types of MVNOs in Brazil. One, we call them acreditados, and the other one's authorized MVNOs. NuCel is the ones that are acreditados, that they work like a commercial agent. Those customers count as our base. We count them as in our base in Claro. That's the way we count. All the NuCel subscribers are inside Claro customers. Okay, perfect. The revenue is the full revenue charged by NuCel? That enters as your revenue. No, the revenue is the part that is including in us. That's our revenue, and the rest is NuCel revenue. We divide that. That's where we have. NuCel has been working maybe for one year or more. More. Okay. Fair enough. Very clear. Thank you so much. Thank you. Your next question comes from the line of Emilio Fuentes, GBM. Your line is open. Go ahead. Hi, thank you for taking my question. My question is regarding capital allocation. I was wondering, given the current weakness we've seen in the US dollar and how this could benefit your investment needs, do you see any downside risk to your full-year CapEx guidance? If so, and given you're currently standing the lower end of your leverage ratio, do you see incremental free cash flow as being destined for share buybacks? Thank you. The weak dollar, it's difficult for us in CapEx because for the same things that you do, it's going to be more dollars. We need, say, on dollars, it's more dollars for the same budget that we have. In terms of the CapEx, it's not helping. In terms of revenues, it's helping. That's where we are, and we're deciding what to do. In CapEx, it's a little bit more so. We are in the target that we have, $7 billion, and it's what, $7 billion, a little bit more, a little bit less, but we are in that target and we're not gonna move on that. On the second question, can you repeat it, please? Leverage. On the leverage, you say. Do you see any? No, I think what. Do you see any incremental free cash flow? Yeah. If you see any incremental cash flow going for buybacks. No, I think what we have said consistently is, we first determine what our leverage ratio is meant to be. Okay? We need to look at our leverage ratio, considering the expenses that we are already committed to make, which will include the purchase of Desktop, which likely is going to close this year. Okay? That's our expectation in any case. Okay, we basically manage to stay within the range that we have said. It's not more than 1.5 times net debt to EBITDA, not less than 1.2 times net debt to EBITDA. That you can see that we have some limits in terms of how much we can reduce our leverage at this point. Also adding another thing that we just announced yesterday, the WOW acquisition that we have, I think makes a lot of sense for us in Peru. It's some more fiber, more than 3 million houses passes with fiber, 0.5 million customers, and make a lot of synergy with us. We're open to see more of those acquisitions. They are good for us. They are broadband customers that we can sell prepaid, postpaid, or TV also. This network is outside of Lima, and it's a good complement for us. Help us also, the fiber to do corporate customers that we're growing and doing very good there. Small businesses. Small businesses, as Oscar is saying. We are also looking for other good acquisitions that we can have. Next question. Just a reminder to everyone, if you would like to ask a question, press star, then the number one on your telephone keypad. Our next question comes from the line of Ernesto Gonzalez, Morgan Stanley. Oh, excuse me. Our next question comes from the line of Carlos Sequeira, BTG Pactual. Go ahead. Hi. Hey, how are you? Hope all is well. I have one question, please, and it's related to M&A strategy in Europe. If you can let us know what you are looking at, what makes sense for AMX at this point when we look to Europe, please. Thank you. We are open to see everything, but what we're really looking is this type of companies like Desktop, like WOW, that add fiber customers, that add the fiber complement to our fiber network, that we can sell more things to those customers, like prepaid, postpaid. As I said also, the fiber will be in the small and medium companies, have a lot of synergies. I think we can have a lot of synergies with this company. Those are the companies that we're looking. We are not looking to go outside right now to other countries, but we are looking things inside our country that will make us grow a little bit faster and consolidate the market. Consolidation of the market will be important. Perfect. Thank you. Thank you. Your next question comes from the line of Ernesto González, Morgan Stanley. Your line is open. You may go ahead. Hi, thank you for taking our question and congratulations on the results. It's two questions. The first one is on Col ombia. You delivered really strong results consistent with past quarters. Could you talk about how you see this market evolving, especially now that some time has passed since the acquisition of Telefónica closed? The second question is on Argentina. Given the recent competition authorities resolution on potential consolidation in the market, does it change how you view the long-term outlook for Argentina? Any comments you can give are greatly appreciated. Thank you. Well, good that you're talking about other countries. Colombia, I think we're doing very good in Colombia, growing very fast in mobile. Let me tell you, we're growing from seven to 7.6, then to 10, the growth in mobile revenue. We were the first ones that do 5G there. We have a very good network, and portability is going well with us. That's the reason why we're growing. Also, a lot of customers are moving to higher plans. We work a lot on also service quality, speed. All of that is making that our cust omers will use more the service and that new customers are coming to our network. In the other side, in the fixed side, we're moving also to do more fiber. It's more challenging. Broadband. Mobile is more challenging, but I think we can grow. We are doing fiber. We have a good network, good sales, and distribution. I think we're going to do much better in the fixed. In corporate. In Colombia, as I was saying, I think on the corporate segment, we are growing pretty nicely in Colo mbia as well. Good in mobile, good in corporate, and moving to be better in broadband and fixed, in TV, mobile, and fixed TV. That's where we are. In Argentina, well, in Argentina, we're going to compete against a big competitor there. Nothing else to do, so we have fiber, we have good broadband, we have 5G, and we're growing. That's what we want to do, and that's the same strategy that we have. Do fiber to be more customers in broadband, in TV, and we are competitive in price. We have good prices there. That's where we are. Well, we're growing also very good. We don't say about Peru, but in Peru we're growing very good in broadband, very good in corporate segment. The growth in Peru, I think, on the fixed side was around 12%, it was incredible the growth in Peru, and that's what we are doing and are looking to still grow more there. There's a lot of opportunities in the corporate segment also in Peru. Really clear. Thank you. Your next question comes from the line of Rogerio Araujo, Bank of America. Your line is open. Go ahead. Hi. Thanks for the follow-up question. If you could provide more details on the regulatory fine of MXN 1.3 billion on Telmex, what are the reasons behind it, and also the p otential recurrences of regulatory fines going forward? Thank you. Well, this is something that dates back to 2017, and in 2020, this fine was imposed on an alleged violation of asymmetric measures. We contested the fine, and now in June it became final. We believe it's disproportional. It doesn't make any sense, this fine. It's 6% of the revenue, which is the minimum accordance to the law, and we think it's completely absurd what they do. Unfortunately, at this stage, we cannot do anything. That's what we have. It's not on Telmex, it's on Telnor, an affiliate of Telmex, and that's what give us this 6%. We think those fines are absurd. We hope, and we don't think there's going to be any more of those. Let's see. Okay. Thank you. Your next question comes from the line of Marcelo Santos, JP Morgan. Your line is o pen. Go ahead. Hi. Thank you very much for the follow-up. I just wanted to go back to the first question regarding Brazilian mobile. Based on what you said, you expect the growth to improve in the third and fourth quarter. Do you see room to increase the control prices, the mobile control price, hybrid prices this year or not? Could you make some comments on that, please? Thank you. I think we can do increase of prices. There's a lot of competition in Brazil, so we're not going to do anything on that until we see. At the end of the day, if we're going to be competitive, we have the network, we have the coverage to be competitive, and if there's one, two, or three months or quarters that the promotions are more aggressive, then we're going to be there. If that happens in May with Vivo, in May with Vivo, we need to put more promotions, and we think we need to put more promotions and to be more aggressive. That's what we do in May and June. We don't know what is going to happen. As I said, we don't control the competition. We control what is internal in the company, not the competition. I don't know exactly what they are going to do. In Brazil and in all the countries, we are prepared to compete, and if they do more promotions, then we're going to do more promotions. If their promotions are a little not relaxed, then we can relax the promotions. We are a long-term player, and if it's for some quarters or one year that they're too aggressive, well, that happened in Colombia three or four years ago with the entr ance of the new competition there, very aggressive. Today, we're growing, and we do what we need to do in the market, in our network, in training our people. Other thing that we are doing is we're using and starting to use a lot more AI agents, a lot more AI, and it's going to help us to reduce costs. It's going to help us to understand more our customers and to see what opportunities we have. It's not a short-term. I think that's something that we're going to do on long-term, and it's going to help us. We're seeing that we are growing more our EBITDA than our revenues, and that's because we are controlling our costs and expenses. That's where we are. That's really the strategy of the company all around Latin America and in Europe. Well, in some countries, maybe we have some competition, one quarter or for six months, another one, another one, and, well, we are prepared to do that. That's where we are, and that's our strategy. All right. Thanks a lot. Thank you. Your next question comes from the line of Walter Piecyk from LightShed Partners. Your line is open. You may now go ahead. Thanks. In Mexico, you've had very good margins for quite some time. I think they stepped up a couple of years ago. You do show revenue growth there. Just curious if there's a way to further leverage that to take margins higher, specifically in Mexico. Well, what I said, we are really working as hard to control costs, to control expenses, to find ways that will be good for our customers to increase their plan, because we don't want that we sell a better plan and the people and our customers don't use that plan. We want that what we sell, they use, they will be happy. We want customers for a long-term, we don't want customers for short-term. Of course, if we can find a way to increase more revenue and Yes, and to control cost in all the companies, of course, the margin will increase. I think all over all this quarter against last quarter of last year, the second quarter of last year, the margins of all the companies increased a little bit. Almost, not all, but in almost all the companies, our margin of EBITDA increased this quarter. Okay. Sorry if this was touched on before, but the fiber acquisition and maybe potential other acquisitions, I assume is not going to negatively impact what has been a good trajectory in terms of capital return with dividends as well as share repurchase. Related to that, you still have a stake in Verizon. Is there any thought of monetizing that stake in order to provide additional cash for acquisitions or capital return? Obviously, the leverage ratio of the company is within your target range. Just curious how all those things fit together in terms of maybe selling Verizon, how much fiber more to build and, whether we're going to see a big step up more in capital return in 2027. Well, the cash flow this first six months was really good. I think we increased a lot our cash flow. Still we need to give the dividends. The dividends for the second half are there. And with the dollar appreciated, it's a lot of dollars what we need to give. It's good. No, I think what Carlos is saying, we have a target, and then at the end of the day, we can use that. It doesn't have to be immediately in the short term. I can tell you that in the long term, there's going to be acquisitions, if we have acquisitions, and return to capital to the shareholders and reduce the debt. Those are the three things that we have. We want to be as financially sound as possible because, well, maybe we can have other opportunities in the future. That's what we are. Still what Carlos is saying, we need to pay the acquisition of Desktop at the end of the year. All overall, we are going to be looking for those three things, acquisitions, returning capital to shareholders, and reducing debt. That's where we are. Thank you. Is there any reason? We are not seeing the things in a short term, okay? Today, what is today and tomorrow, we need to see a little bit more on a medium and long term to do all these things, okay? That's where we are. I still personally think that there will be more opportunities like Desktop, like WOW in the future. Let's see, that's why we want to be healthy and to be prepared to do those things, no? Those acquisitions. Why continue to own Verizon? Well, Verizon, when the share was at some price, we sold some of that. We take the decision to sell half of that. We haven't take the decision of the other half of that. We are looking, we are sure that in the future we are going to divest, maybe. We don't know exactly when we're going to divest. Not in a hurry. We're not going to hurry. There has to be a good price. We're not going to hurry to divest. It's a pretty good price. It's a pretty good price right now. Yeah. We sold it at a higher price than this one. I know. Thank you. Thanks. Thank you. Your next question comes from the line of Jesús Romo, GlobalData. Your line is open. You may go ahead. Hello, good morning, and thank you for taking my call. Just a quick follow-up on the Mexico numbers, specifically the prepaid subscriber numbers. I noticed that you had positive net adds in Q2 2026 versus Q1 2026. Since we're in the middle of, or we're still on the ongoing registration process, I wonder if you could shar e a little bit of color or the factors that guided to have positive net add numbers in this quarter. Was it promotions, the World Cup, mobile portability, or a combination of factors? Thank you. Look, it's very difficult to explain what is happening since the registration in January is with the new customers. It's very difficult because some customers decide not to renew because if they renew, they have to register. People are not registered. We have less disconnections. A little bit less sales, but less disconnection. It's very difficult. The way we're seeing and trying to understand what people is thinking, but change a little bit because people used to buy very cheap and then use and then buy another handset and then use. The behavior of the prepaid subscribers are changing a little bit and we need to see. At the end of the day, the most important thing in prepaid is the amount of revenue that you are getting per month. I think that's what is doing good, and we are doing fine on that. Yeah, just to give you a reference point, net adds Prepaid net adds at second quarter were 146,000 in Mexico. A year ago, second quarter of last year, they were 83,000, and two years ago they were 106,000. If you look at the last three years, the second quarter has given us the better net adds in prepaid. Another thing that is happening in all the countries is that there's a lot of people moving from prepaid to postpaid. In some countries, they are moving more from prepaid to postpaid, in other ones a little bit less. As people is understanding that, well, the concept is part of the life of the person. They are moving when they can, they move to a postpaid, and in postpaid they hire more data and more applications and do more things. That's going to be the trend for the next five years. There's going to be more people moving from prepaid to postpaid. Just a quick follow-up, if I may. Do you perceive there is an effect of customers coming in from Movistar now that there's an announcement of a deal? Not an approval yet, but there's an announcement of Movistar changing hands. Do you think that this is customers going to stick to América Móvil? No. I think it's difficult that all the customers will know that the co mpany's going to be for sale or not for sale. Some of them know, other ones no. I think what we have is in number portability, we have been gainers in number portability, and we still are gainers in number portability. I don't know exactly if it's because the company was for sale and it's still not for sale, or they are not selling because they don't have the authority. I don't know exactly what those regulator's happen. Well, we're gaining customer from all the companies. Thank you. Thank you. We have reached the end of the Q&A session. I will now turn the call over to Mr. Daniel Hajj for final remarks. Just thank everyone for being in the call. Thank you very much. Bye-bye. This concludes today's conference call. You may now disconnect.