Greetings and welcome to the Altice USA Q1 2025 results conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Sarah Freedman, Vice President of Investor Relations. Thank you. Welcome to the Altice USA Q1 2025 earnings call. We are joined today by Altice USA's Chairman and CEO, Dennis Mathew, and CFO, Marc Sirota, who together will take you through the presentation and be available for questions. As today's presentation may contain forward-looking statements, please carefully review the section titled Forward-Looking Statements on slide two. Now turning over to Dennis to begin. Thank you, Sarah, and thank you everyone for joining us today. In the first quarter, I'm pleased to share that we made meaningful strides to stabilize our performance and solidify our foundation for long-term success here at Optimum. Our performance was driven by improvements in customer and network experience, expansion of competitive and targeted go-to-market initiatives, and a focus on transforming our business. We also successfully navigated two significant programming negotiations, achieving favorable outcomes with minimal disruption to our customers. Our progress reflects the dedication of our Optimum teammates, who continue to deliver for our customers and drive our strategic priorities. I'm incredibly proud that we were recertified as a great place to work, a testament to the culture driving our momentum. Thank you to the entire Optimum team for making it happen. I'd like to begin on slide three with our quarterly performance highlights. Broadband subscriber net losses of 37,000 improved sequentially from last quarter and reflect the investments and changes we have implemented in the last 18 months. When normalized for the impact of the nearly two-month programming disputes, we would have seen approximately 35,000 broadband net losses in the quarter. Broadband ARPU grew 2.4% year over year, supporting the progress we are making on stabilizing ARPU trends, which Mark will provide details on shortly. On fiber, we achieved all-time high fiber performance of 69,000 fiber net additions. We ended the quarter with over 600,000 fiber customers reaching 20% penetration of our fiber network. We continued to accelerate mobile growth with 49,000 mobile line net additions and surpassed the milestone of 500,000 mobile lines. Our transformation is gaining momentum as we sharpen execution and expand targeted go-to-market strategies in high opportunity markets. We are also working to optimize our programming and expense opportunities and achieve nearly 69% gross margin in the quarter. Additionally, quarterly churn reached the lowest levels in three years. Annualized broadband churn improved by 90 basis points year over year in Q1, particularly with involuntary and non-pay churn, driven by stronger base management, enhanced value propositions, and better network performance. We also continue to make incredible progress in our customer experience, as evidenced by our recent recognition by the Global Stevie Awards for excellence in customer service and customer service transformation, a testament to the ongoing dedication and commitment of Team Optimum. Turning to slide four, our 2025 priorities remain unchanged: to unlock revenue opportunities, drive greater operational efficiency, continue enhancing our award-winning networks, and ensure our capital structure is aligned with our long-term operating goals. I want to pause here and underscore that 2025 marks a pivotal milestone for Optimum, reflecting the culmination of our strategic investments, successful execution of our operational transformation, and delivery of financial discipline that has enabled us to slow the rate of adjusted EBITDA decline over the last three years. Looking ahead in 2025, we expect to deliver approximately $3.4 billion of adjusted EBITDA, stabilize broadband subscriber trends in the full year, and improve investment returns. We will detail in the following slides the strategies that give us confidence that we can achieve this. Our top-line performance will continue to be closely tied to subscriber trends. We are taking purposeful actions to realize more revenue opportunities through addressing customer affordability challenges and competitive intensity, and by delivering greater value through tailored offers, localized pricing, and enhanced product positioning and bundles. As we continue to drive transformation, we are executing a broad range of initiatives aimed at enhancing the customer experience while reducing our cost to serve, as well as increasing the flexibility of our programming agreements, expanding the use of digital and AI tools to reduce service calls and visits, and driving stronger ROI across both operating costs and capital expenditures. Finally, we remain disciplined in managing our capital structure and continue to evaluate all options that support long-term sustainability and align with our operating goals. This week, we entered into an agreement to sell certain tower assets for gross proceeds of approximately $60 million. We expect this transaction to close by early Q3, subject to customary closing conditions. As previously disclosed, we also entered into an agreement to sell the I24 news business to Next Alt or an affiliate thereof. This transaction is expected to close later this year, following the satisfaction of closing conditions, including receipt of regulatory approvals. These transactions provide us with additional operational focus and financial flexibility. We will continue to evaluate our balance sheet and operational efficiencies to monetize non-core assets as opportunities arise. Turning to slide five, I'll walk through some of the key operational strategies we are deploying and scaling to position us to deliver approximately $3.4 billion of adjusted EBITDA in full year 2025. First, on our competitive go-to-market efforts, we're enhancing marketing effectiveness through AI and digital tactics and refining our packaging and offers based on data-driven insights. Specifically, over the past few quarters, we've seen increased pressure in income-constrained segments, particularly with gross additions, as some customers opt for lower-cost alternatives. We see firsthand how customers are being impacted by inflation, unemployment, and broader economic pressures, which is why we're committed to evolving our packages to ensure there are solutions for every budget. At the end of April, we launched a new everyday low-price offer designed to support families facing economic hardship. Later this year, we will enhance this product with lifestyle brand partnerships to enhance our value for families as they manage overall expenses. We're actively working to increase awareness and accessibility of these services through direct outreach and by lowering qualification hurdles for a simplified sign-up experience. This leads me to our hyper-local playbook, an approach we can uniquely deploy given our ability to move quickly in local markets. In Q1, we scaled the strategy across highly competitive areas in our footprint, offering attractive pricing paired with compelling features like price locks and free installation to lower barriers to switching. This strategy is highly targeted, data-driven, and driving strong results. In these markets, we're already seeing over 10% lift in revenue driven by higher sales and penetration growth. We're also sharpening our focus on our multi-dwelling unit footprint, or MDUs, which represent over 2 million serviceable passings across our footprint. MDUs are a valuable customer segment as a portion are secured through long-term agreements and have a better churn profile. We've deployed new reporting and analytics tools to identify where we are under-penetrated and then track, monitor, and optimize performance, led by a focused leadership team to drive our go-to-market for this segment. We are enhancing our managed Wi-Fi offerings to deliver a stronger experience tailored to MDU customers. Overall, our go-to-market approach is to deepen our connection across the communities we serve by optimizing our offers and customer engagement to reflect what matters most at the neighborhood level, and we're already seeing positive momentum in several markets. Next, we are enhancing and expanding our products and services to strengthen our competitive profile. On broadband, in April, we launched Whole Home Wi-Fi, a value-added service that provides more powerful and seamless coverage throughout the home, along with ongoing tech support for total peace of mind. Priced at $10 per month, this product eliminates connectivity pain points such as dead zones and dropped signals, especially as the number of connected devices in the home continues to grow. Later this year, we will roll out more next-generation Wi-Fi solutions to further enhance the in-home experience. If you recall, last year we launched TotalCare, another premium support add-on, priced at $15 per month. Together, we expect to reach 30%+ penetration of our broadband base as we scale Whole Home Wi-Fi and TotalCare over time. As I shared earlier, we also achieved over 20% penetration on our award-winning fiber network and continue to target 30% penetration by year-end 2026. On video, we are evolving our portfolio to ensure our entertainment offerings bring our customers what they want, how they want it. We recently announced our collaboration with Disney to offer eligible customers the Disney Plus Hulu bundle basic option for six months on us. After the six months, customers will continue to manage their subscription directly through Optimum. This is the beginning of our new approach to enable customers to build their own curated content selection through us, with more OTT streaming partners and other services to become available for purchase through Optimum in the quarters to come. In addition, we are scaling the availability of the three new video packages we launched in late 2024, Entertainment, Extra, and Everything TV, with existing and new customers, while improving our video margin profile. In Q1, over 25% of new video customers chose Entertainment TV, our $30 entry-level package without sports and news, highlighting strong demand for affordable skinny bundles. Turning to B2B, we recently unified our B2B and Optimum media divisions under one leader, Keith Bowen, to capitalize on new growth opportunities while delivering greater value to Optimum's business customers. This uniquely opens the door to more opportunities for cross-selling and driving innovative advertising and connectivity offers. On the B2B side, we're expanding product availability of fiber broadband to drive higher fiber penetration. We recently launched Secure Fiber Internet at no extra cost and Secure Internet Plus at $20 per month, which allows for security feature customization. These new cybersecurity solutions are in high demand and built on our cloud-based high-capacity infrastructure and designed to provide powerful, reliable protection. In Q4, we launched Connection Backup at $30 per month for B2B customers, which provides a reliable, automatic backup internet connection specifically designed for point-of-sale systems and other critical business devices. We continue to scale this product and are already seeing meaningful take rates in the first quarter. We estimate that these types of products and add-on services can achieve over 30% penetration over time. It's worth noting that these B2B solutions are in addition to other new products we have launched over the last year, such as device protection and insurance, as well as Pro Wi-Fi internet with marketing solutions, which we continue to enhance and drive greater penetration. Turning to mobile, we continue to build momentum and drive convergence. We are seeing demand from both new and existing customers who want the simplicity and value that come from combining broadband and mobile in one seamless experience. Our mobile service revenue grew 47% year-over-year in Q1, and we reached over 6% of our broadband base converged with mobile, representing a meaningful growth opportunity to continue to drive convergence. In addition to delivering top-line revenue growth, our mobile and value-added services portfolio enhances customer lifetime value by creating stickier, higher RPU customers and helps us to compete more effectively. We estimate that new revenue from mobile and value-added services will exceed $500,000,000 of incremental revenue over time. Finally, we are focused on advancing our transformation and driving greater efficiencies across the business. One key area is through optimization of our programming agreements. Our negotiations are guided by a customer-first mindset supported by advanced data and analytics that helps us to understand viewing habits and advocate for the best possible value and flexibility. In early Q1, this approach led to the temporary drop of two networks for approximately 1,800,000 customers while we negotiated for more flexible terms for our customers and our business. Throughout this period, we proactively engaged directly with our customers, offering alternative viewing options and solutions tailored to their individual needs. While this caused some impacts in the quarter, which we have detailed in the presentation, our thoughtful approach significantly minimized customer inconvenience and churn, and we retained 99.8% of those impacted. I am extremely pleased with the positive response from our customers, how our team proactively managed the situations, the outcomes we reached with our partners, and how we've strengthened our playbook for future programming negotiations and deal optimization. Next, we have made significant investments in people and technology over the last two years. As a result, we have transitioned from legacy systems to digital platforms, and our continued investment in automation and AI tools allows us to work faster and is becoming embedded in how we operate. As we enter this next phase of transformation and evolve into a digital-first company leveraging AI and automation, we are continually optimizing organizational structure and staffing models to increase efficiency, eliminate redundancies, and strengthen our performance-driven culture. At this juncture, I'm pleased to welcome Colleen Cohn as our new Chief Human Resources Officer. The team and I look forward to partnering with her to build a resilient, high-performing organization aligned with the needs of our evolving business. Our digital and AI tools are already delivering impact, reducing service calls by over 1 million and truck rolls by 280,000 in the last 12 months, while improving the customer experience. We're excited to continue advancing our systems to drive further efficiencies and value. To support this evolution, Optimum is proud to announce an expanded partnership with Google Cloud to build an intelligent and personalized customer experience across web interactions, mobile apps, call centers, and in-person kiosks. Optimum will use Google Cloud's generative AI technology, including Google's Customer Engagement Suite, Vertex AI Platform, and Gemini models to improve customer service, provide more robust tools to our frontline teammates, build stronger, more resilient relationships with our customers, and unlock meaningful workforce efficiencies. Today, we're resolving over 50% of customer inquiries with our in-house AI virtual agent called Ava. We're excited to add Google Cloud's AI technologies to our toolbox and further improve the customer experience. Our digital transformation has also allowed us to take a more proactive approach to network maintenance by leveraging data in new ways to deliver best-in-class service quality at the street and neighborhood levels. We are preemptively resolving issues before they lead to service visits and minimizing calls into the call center, ultimately helping more customers with fewer resources and lower costs for us. At the same time, we're enhancing our telemetry systems to give agents better diagnostics and clearer guidance, enabling faster and more effective resolution when customer issues do arise. In Q1, our average monthly service dispatch rate approached recent lows, driven by our proactive approach and enhanced maintenance efforts. In summary, these strategies are helping to strengthen our competitive position, stabilize our customer base, and drive greater efficiency across the business to deliver meaningful results. I will now turn it over to Mark to walk through our financial outlook shaped by these strategic initiatives. Thank you, Dennis. Let's begin on slide six. Adjusted EBITDA has declined in recent years, but notably, we have steadily improved the rate of decline as our transformation gains momentum. Because of our investments and focus, we expect full-year adjusted EBITDA of approximately $3.4 billion in 2025 and full-year revenue between $8.6 billion and $8.7 billion. Our revenue outlook reflects subscriber trends and the anticipated decline in political advertising during this non-presidential election year. 2025 revenue outlook trends, one excluding political, reflect a smaller decline compared to full-year 2024, which demonstrates our confidence in stabilizing subscriber and RPU trends and growing attachment rates. We continue to see programming cost savings driven by video subscriber volume and optimized agreements with programming costs moderating by 12% year-over-year in Q1, excluding benefits from content savings during the non-carriage periods. In the full-year 2025, we expect total direct costs of approximately $2.6 billion, inclusive of other direct costs, which should tick up as our mobile business continues to grow. We remain focused on driving stronger returns on both OPEX and CAPEX. As we streamline operations, simplify our organizational structure, and improve marketing effectiveness, we expect approximately $2.6 billion of other operating expenses in the full-year 2025. This is a slight moderation compared to the full-year 2024. As more of these initiatives take hold, we expect further moderation in 2026. On CAPEX, we're prioritizing the highest return capital projects and further implementing cost efficiencies across network maintenance. We now expect full-year 2025 capital spend of approximately $1.2 billion, while still achieving our goals related to network upgrades, passings expansion, and new product launches. I'm extremely pleased with the progress we're making and the steps we're taking to sharpen our execution. I'm confident these actions will drive stronger performance and improve results in full-year 2025. Next, on slide seven, you'll see an overview of our broadband, fiber, and mobile subscriber performance over the last few quarters. While Dennis reviewed most of these results earlier, I want to highlight a few points. As mentioned, broadband subscriber net losses in Q1 were 37,000. The impact of the aforementioned content interruptions for almost two months in the quarter resulted in approximately 2,700 fewer broadband net adds. Our broadband performance in the quarter was supported by churn stabilization across our footprint, and our performance in the East footprint improved year-over-year in Q1, despite programming non-carriage periods. In the West, gross additions remain challenged as we saw continued elevated competition from fiber overbuilders and less market activity. However, churn in the West also improved year-over-year in Q1, and we remain confident that our new go-to-market strategies will help stabilize broadband subscriber trends in these markets. Furthermore, mobile and fiber remain significant growth opportunities for us, and we continue to expand participation across all channels. This quarter, we accelerated momentum in both areas, and we continue to expect 1 million fiber customers by year-end 2026 and 1 million mobile lines by year-end 2027. We are very encouraged by the early traction from our strategic initiatives, which are resulting in strong broadband, fiber, and mobile trends. Turning to slide eight, I'll review our financial performance in Q1. Total revenue of approximately $2.2 billion declined 4.4% year-over-year and was driven by residential declines of 5.7%. Business services declined at 0.4%, supported by Lightpath revenue growth of 7.3%, news and advertising decline of 3.1%, and offset by growth in other 52%, primarily driven by growth in mobile equipment revenue. In Q1, we saw revenue impacts from customer credits issued in connection with the two programming interruptions. Excluding these impacts, revenue would have declined approximately 3.9% in the quarter. Q1 adjusted EBITDA of $799 million declined 5.6% year-over-year, driven by revenue decline, offset by programming savings, and an increase in other operating expenses excluding share-based compensation. The increases in other operating expenses were driven by higher one-time customer care, sales, and marketing expenses related to the temporary programming interruptions, as well as a net increase in labor-related costs and benefits, primarily due to higher employee health and wellness expense. These impacts were partially offset by lower truck roll costs. Excluding the revenue, programming, and operating expense impacts from non-carriage periods, adjusted EBITDA would have declined approximately 4.8%. Total gross margin expanded by 180 basis points year-over-year to 68.8% in Q1, driven in part by non-recurring programming cost savings, which were partially offset by customer credits. Excluding these one-time items, gross margin would have been approximately 68.2%. While a portion of the benefits this quarter was non-recurring, the underlying trends remained positive, with gross margins reaching an all-time high. This reflects a continued mix shift away from video, as well as ongoing efforts to optimize both video and product gross margins. We continue to target 70% gross margins by year-end 2026. Q1 total adjusted EBITDA margin was 37.1%. Excluding the impacts I just mentioned, adjusted EBITDA margin would have been approximately 37.2%, and we continue to target 40% normalized adjusted EBITDA margin over time. Turning to slide nine, residential RPU of $133.93 declined 1.3% in Q1 year-over-year. This is driven by lower volume of video customers, customer credits related to programming interruptions, partially offset by rate actions taken at the end of Q4, as well as stronger gross ad RPU, which is up 1.8% year-over-year. Excluding impacts related to temporary programming non-carriage, residential RPU would have declined just 0.6%. Broadband RPU grew 2.4% to $75.31, driven by rate actions, rate discipline, and upgrade activity. We continue to make progress on stabilizing our RPU trends in several ways. First, we are minimizing RPU impact from retention efforts with CLV-based models and AI-assisted tactics. Second, our streamlined pricing approach is delivering better value for our customers and shifting demand toward higher speed packages, with almost 6% of new customers taking 1 gig or higher speeds. By the end of Q1, 35% of our customer base was on 1 gig or higher speed tiers. Third, we are driving mobile penetration and the selling of our value-added services portfolio, as Dennis referenced earlier. Finally, through improved go-to-market execution and targeted rate actions, we're preserving RPU better while remaining competitive at the hyper-local level. Turning to slide 10, I'll walk through our network investments and how we're driving greater efficiency across our capital envelope to support long-term growth and enhanced service delivery. We added 25,000 total new passings in Q1, reaching 9.9 million total passings. We grew our fiber footprint by 33,000 passings, primarily through fiber new builds, ending the quarter with 3 million fiber passings. We continue to edge out our footprint in a fiber-rich manner, with a majority of fiber passings in 2025 contributing to total new passings. We see strong trends in both our HFC and fiber networks, with similar take rates of 1 gig or higher speeds across both footprints of almost 60%. We continue to invest in our networks, prioritizing the highest return opportunities and implementing tools and processes to enhance efficiencies. We have begun our mid-split upgrades on our DOCSIS 3.1 network, expanding and reallocating spectrum to enable download speeds over 1 gig. Our light path business continues to expand in the hyperscaler community, with the recent announcement of its entrance into the Columbus, Ohio market, with a new 102 route mile underground high fiber count network anchored by a major hyperscaler partner. Over the last few years, we have moderated our capital spend, stepping down by approximately $210 million in the full-year 2023 and by $270 million in the full-year 2024. As we continue to drive more efficient investments, we now expect cash capital for the full-year 2025 of approximately $1.2 billion. Importantly, we're maintaining our investment discipline without sacrificing progress and continue to target 175,000 total additional passings in the full-year 2025. Next, on slide 11, I'll review our free cash flow performance in the quarter. Free cash flow in Q1 is negative $169 million, primarily driven by cash interest of $547 million, which increased by $145 million year-over-year. The year-over-year increase in cash interest was largely driven by the additional semi-annual bond payment related to the 11 and three-quarters senior guaranteed notes issued in January of 2024, which were used to refinance a portion of our term loans. Compared to 2024, we only had one cash interest payment related to this issuance. Additionally, in September 2024, we executed a six-month synthetic Libor contract on the incremental term loan B5 to mitigate the end of Libor. This resulted in a six-month interest payment being made in March of 2025, compared to monthly cash interest payments prior to September. As a result, we paid $52 million of interest related to the prior years in Q1 of 2025. Beginning in April, the term loan B5 will bear interest at an alternative base rate currently defined as the prime rate plus 1.5% per annum. Finally, on slide 12, I'll review our debt maturity profile. We remain well-positioned with no maturities until 2027. At the end of Q1, our weighted average cost of debt is 6.8%. Our weighted average life of debt is 3.8 years, and 73% of our total debt stack is fixed. At the end of the quarter, we have a liquidity of approximately $700 million, the undrawn revolver capacity, and ending cash balances. Our leverage ratio is 7.6 times the last two quarters of annualized adjusted EBITDA. We remain focused on exploring opportunities to ensure our capital structure supports our long-term operating goals. In conclusion, we have the right strategy in place, and we remain focused on executing with discipline and rigor to create sustainable long-term growth and enhanced value for our shareholders. With that, we will now take any questions. Thank you. Ladies and gentlemen, if you would like to ask a question, please press star one on your telephone keypad, and the confirmation tone will indicate your line is in the question queue. You may press star two if you would like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys. Our first question comes from the line of Michael Rollins with Citi. Please proceed. Thanks, and good morning. Just curious if you could provide some additional context on the competitive landscape for your broadband business with respect to the impacts of fiber and SWA competition. Within that context, are you seeing any change in customer behavior, including an incremental leaning towards value products in the market? Finally, to wrap that all together, as you described some of the improvements in the business that you're seeing, is there an opportunity over the next few quarters to start reducing the broadband losses on a year-over-year basis? Thanks. Thank you, Michael. The competitive landscape remains intense. When we think about the East, we continue to see competition from mature telco like Verizon, as well as fixed wireless from T-Mobile, pockets of other fixed wireless solutions in the West. We remain 45% overbuilt based on the latest BDC data, but we are seeing continuing growth of overbuilders into our markets, and we are continuing to see fixed wireless throughout the West as well. As we have done our consumer research and continue to talk to our customers, we know that the macroeconomic headwinds are weighing heavy on folks. 75% of the folks that we spoke to mentioned that they are challenged with their monthly expenses. I am really excited about some of the new solutions that we are rolling out and have been rolling out. As I mentioned on the last call, we are launching, and we just recently launched a new income-constrained product. As we talk to that demographic in particular, these are folks that are looking for transparency, value, predictability, and price. I am excited to say that we launched that product last week. It is still very early days, but as I look at our footprint, about 38% of our West footprint falls into this demographic, 18% in the East. This will allow us to compete very effectively, I believe, going forward, to be able to provide the right value, the right products, the right solutions for this consumer segment. We also see that there are intense competitive elements in MDU. That is where fixed wireless is competing effectively as well. I am excited to say that we are rolling out new strategies for MDU. We have 2 million MDU passings. Historically, we have had very little visibility, reporting tools to be able to drive our go-to-market in MDU. We have recently brought in some new leadership. We have stood up some new tools, and we are already seeing the benefits of those tools and those new processes to help us drive penetration in underpenetrated areas. We are adding 32,000 new MDU passings this year. This will allow us, as we continue to expand in MDU, to compete even more effectively as we move forward. The competitive landscape across the East and the West remains intense, but we are continuing to evolve our go-to-market strategies and product set to be able to drive value. The good news is that our churn is at all-time best in the past three years, 90 basis point improvement. That is improvement in the East and improvement in the West. When I look at the West in particular, the areas that have mature fiber overbuilders, we are actually competing more effectively year-over-year. We've had better gross add improvement and better churn. In the areas where there's new fiber overbuilders, we do see an initial impact, and we have strategies now to help us drive and mitigate that impact and really ensure that we're competing most effectively for every jump ball. Thanks. Thank you. The next question comes from the line of Frank Garrett Louthan with Raymond James. Please proceed. Hey, guys. This is Roblin for Frank. Curious, you might have touched on both of these a little bit earlier, but just curious to know more about the lower-end product and when that's beginning and when you expect that could ramp up. Also, if you're able to give us any updates on the insurance statistics for the wireless subs, that would be great. Thanks, Frank. We just launched. We're expanding that to 500,000 homes this year. We just expanded it to 500,000 homes. We are excited to begin and continue a phased rollout of that product. We are looking very closely at the data to really understand what is working and how we continue to evolve that product as we move forward. Early days, but more information to come likely on the next call in terms of impact of sales velocity and our ability to drive our gross ads. On the insurance products, I am really excited. We launched our mobile device protection six months ago and already have 10% penetration into our mobile base. It just really shows that we are absolutely controlling what we can control. Our teams are excited. It's a great value, and we're able to drive that and continue to deliver and grow residential ARPU as we launch these types of new products and services as we move forward and drive them on acquisition and into the base. Great. It's very helpful. Thank you. The next question comes from the line of Jonathan Chaplin with New Street Research. Please proceed. Thanks. Dennis, you guys paused discussions with bondholders during the course of the quarter. I'm wondering if you can give us some perspective on what drove the pause and are you at an impasse or is there potential for the discussions to come back? To the extent that you can give any context on sort of how far apart the discussions are, that would be really helpful as well. Thanks, Jonathan. My friend Mark is closest to those conversations, so I'll let him jump in here. Yeah, hi, Jonathan. Yeah, we did update the market last month with the 8-K that our negotiations with the co-op concluded. We did not reach an agreement with respect to a potential transaction. Really nothing more to share at this point. Certainly, when we have information to share, we will. Nothing to add at this point related to that. As we said before, we are proactively managing our debt maturities. We feel good about the runway we have through 2027, and we'll continue to explore all options to manage the debt portfolio. Thanks, Mark. Yep. The next question comes from the line of Craig Moffett with MoffettNathanson. Please proceed. Hi, good morning. You talked a little bit a couple of times about your low-end offering. I wonder if you could just zoom out a little bit and just talk about, in general, the competitiveness of your pricing. Do you feel like you've kind of fully gone through the process of right-sizing your broadband pricing and the bundles that you have with wireless, and that has now gotten you into the position you want to be, or is there still work to be done there? Thanks, Craig. It's remarkable the amount of progress the team has made in terms of pricing and our ability to control pricing, command pricing. When I joined, it was really one size fits all across from Connecticut all the way to Flagstaff, Arizona. There was little ability to compete at a local level. There was a lot more art than science that went into rate events and promo roles. I feel great that the team has put much more science. We're leveraging AI. We're maximizing the monetization of these types of activities, both in the base and in our acquisition. As I think about our rate events and promo roles, the team has done a remarkable job to be able to minimize churn, minimize call volume, really ensure that we're maximizing the monetization of those events as they occur. Then in the acquisition side, as it's become more and more competitive, we do need, absolutely needed the ability to be able to compete at that local level, whether we're facing fixed wireless or new fiber overbuilders that are coming in, at least initially, with low pricing. Our new hyperlocal playbooks, as well as our income-constrained products, are allowing us to compete more effectively there. While, quite frankly, in the areas that are less competitive, we're able to moderate rate and compete in line with the market versus having to compete hyper-competitively across the entire geography and across every market. We feel good that we're able to continue to drive ARPU generally, especially as we've launched a whole host of new products. Since I joined, we've been able to double the number of mobile customers. Since joining, we've been able to triple the number of fiber customers since joining. This really shows that the team has more command of the business than ever and that we're going to be able to continue to drive these incredible products that will allow us to drive overall value for our customers and really build loyalty and continue to drive the business forward. Our goal is to drive top-line revenue and subscriber and EBITDA growth. I feel good that we have the strategies in place to do exactly that. The only thing I would add is just really pleased, as we drove gross ad ARPU up almost 2% year-over-year. A lot of that is coming through the value-added services, but in addition, the tier mix. We're now 60% selling on one-gig services, so customers are subscribing to higher speeds. Really excited about all the value-added services we talked on the slide, a $500,000,000 revenue opportunity over time. Those things are just getting started. When we start to get to really industry-level penetrations, that should be a real growth fuel for future growth on top-line revenue. Thank you. Thank you. The last question will come from the line of Samuel McHugh with BNP Paribas. Please proceed. Hey, morning, guys. Just two questions, please. Thanks for the detail on the low-income offers. Of the percentage of people who qualify, how many are already customers of yours? How do you balance the risk of cannibalization versus driving new gross ads? That's question one. Secondly, you talked about improving trends in the East year-over-year. Given the acceleration in losses, I guess the implication is the West is getting quite a bit worse. When would we expect trends in the West to start improving year-over-year and helping to get that broadband net ad trend better year-over-year? Thanks. Yeah. In terms of cannibalization, our income-constrained product, we're being very disciplined in terms of how we're deploying this availability of this product, in terms of which sales channels, how we're deploying it in acquisition, how we're gating it, really tiptoeing our way into even testing it in retention. These are things that we could not do when I started. We just had no way to gate access to these offers and really had a high risk of cannibalization or eroding ARPU. We have launched tools like AVA, which is our new AI assistant across our channels, care, retention, sales. We are seeing remarkable results where we are able to provide offers to customers that are going to ultimately allow us to maximize customer lifetime value based on the competitive landscape, based on the products and services that they are consuming, and just really making it much more effective and efficient in terms of how we are having these conversations. On the West, the good news is in the markets where we have, what I would call, mature overbuilders, where fiber overbuilders have come in for a year, two years, etc., we are competing better. Year-over-year, we saw an improvement in gross ads in those markets. Year-over-year, we saw an improvement in churn. We have continued to fight the fight in these markets where we have new entrants, and we are sharpening our playbooks to be able to compete more effectively. I do believe our strategies, leveraging the income-constrained product, leveraging our ability to compete more effectively in MDUs, our hyperlocal playbooks, these are all tools in our toolkit that will allow us to compete more effectively as we move forward. I do not know, Mark, if you have anything you wanted to add. I think you said it well. Great. Thanks, Operator. I think that concludes. Please go ahead, sir. I think that concludes the call over to you. Yes. This concludes today's conference. Thank you. Thank you for your participation. You may now disconnect.