It's a little bit disappointing. Part of it is an industry slowdown and part, I suspect, is the distraction of the merger.

Clearly, across the industry minutes of use are not growing as much as they did ... this is causing ARPU to start to slip.

I would have thought somewhere between $10.50 and $11 a share would have been a better price before I saw the 4,000 net (customer) adds.

What they reported this morning beat my expectations, but it's hard to overlook the slowing customer growth.

It was a bit disappointing.

The Vodafone picture is disappointing, but consistent with the industry.