I'm surprised ... it's happening so early (in the Japanese turnaround). It runs the risk that it won't get a decent value for it, but it may well be that Softbank have come to Vodafone, in which case maybe they can talk sensibly on price.

It's certainly appealing in larger classes where it's hard to get a read on students out there.

The ball came over my head and it hit my hand. I said 'What do you call that ref?' and he said we would talk about it afterwards. I wasn't arguing. I didn't see the big deal about it.

The subscriber growth is above market expectations. The fact that they've done it in a way they can reiterate their margin guidance rather than have to soften it further is reassuring.