In the Dutch Telco, the cost has lead to another pretty good quarter. If we look at international Mobile International, then you see that we started well. Again in Germany we continue to grow well and in Belgium, these gross numbers are combined (inaudible) profitability numbers.Eelco will take you through the German spectrum and so we think we have got a pretty good deal there and we got mobile data will be a growth in not only the Netherlands but also particularly in Germany and in Belgium and we have of course (inaudible) the outlook again for 2010 and 2011. The items that we gave in April call and the interim dividend is EUR0.27. On the financial side, EUR3.354 million, down 1.7% and that’s if you take out the businesses (inaudible) 1%. EBITDA, up nearly 5%, CapEx still in line with the (ph) second quarter, free cash flow EUR707 million, EUR35 million year-to-date and that’s up EUR200 million (ph) and last year for the six months. Earnings per share EUR0.29, up 32%. As you can see we continue to also look out (inaudible) shareholders, we have 58% completed 1 billion share buyback, the final dividend of EUR0.46 per share (inaudible) in April. Total cash through shareholder returns in the first half year is up 8% year-on-year and the interim dividend is up 17% compared to last year. Now going to the outlook, in the second half, we expect higher revenues than the second half last year. Actually in this (inaudible) the EBITDA growth was EUR300 million, where we said last year that (inaudible) we will expect it to be that for one third in the first half and two thirds in the second half. It turns out to be still a 50% in the first half and we have of course, and actually moving the business (inaudible) value market share with customers that (inaudible) balancing the profitability with market shares, but our (inaudible) that market shares stay stable or grow and (inaudible) we have a slight erosion (inaudible) and we will try and correct that in the near future.
If we look at 2011, we said EBITDA and free cash flow and dividend will continue to grow and we have flow of EUR0.85 for 2011. Well, for the remainder of 2010, the revenues will be in line with last year, the 5.5 is there. We will spend less EUR2 billion on CapEx and free cash flow will be at least EUR2.4 billion and our dividend for this year is meant to be EUR0.80.That’s what I would like to say. So let’s (inaudible) and to conclude the presentation. So I will now handover to Carla. Carla Smits-Nusteling Thank you, good afternoon everyone. If we flip to the first one, the group results, revenue topline Ad just already mentioned minus 1.7%, which is improving trend compared to the first quarter. If we take out some businesses sold (inaudible) this year and last year like S&T and part of Getronics and minor ones, the revenue decline actually is a bit better with minus 1% and in line (ph), we see still decline in the Dutch Telco as well as Getronics and we see substantial growth in our American (inaudible) iBasis and profitable growth in international units. Operating expenses decline is, well actually we are more or less are used to, for, well I think at least last eight quarters and debt (ph) on those reports, of course, (inaudible) profit like operating profit, profit before tax, profit after tax earnings per share, all substantially up year-over-year if you look through the second quarter as well as the first half year. Read the rest of this transcript for free on seekingalpha.com