The premium paid seems reasonable given the poor relative performance of Latin American telecoms companies compared with the European ones last year.

At first sight, it seems to make strategic sense -- grouping activities by business lines and not by geographic areas.

On the eve of the strike, we saw very, very poor performance.

It was a poor performance by the varsity boat.

What you have is a payoff when there's poor performance. But that's the nature of contracts. There's such a tremendous risk these days with being a CEO of a major corporation.

What you have is a payoff when there's poor performance, ... But that's the nature of contracts. There's such a tremendous risk these days with being a CEO of a major corporation.