T-Mobile US, Inc.

The Lumos transaction, we see 3.5 million homes passed by 2028. The MetroNet transaction, we see 6.5 million homes passed by 2030. There's probably a couple more million in the wholesale partnerships we have so far. And so that's a pretty significant footprint that we've put together. And more importantly, we've chosen the best assets in the space. And we're very excited about this. Now, to the premise of your question, I think what people can see from our strategy are a number of things. One, our bias is pure play fiber, the simplicity and elegance of that model. It's doing it with partners so that we can get more leverage on our equity dollars. It's about best in class assets that are performing and growing like we're seeing. And, you know, we have some further appetite, but not much. I want to make that clear. I mean, these transactions that we have done get us millions of homes passed and do it in a way that we think is really smart and positive for our shareholders. So while we're open-minded to things that fit this strategy, it would have to be the right deal. Our appetite is somewhat limited for more. I can tell you we're not currently working on another transaction like this. Since they've been coming every month or two, I want to make that clear as well. But we're really excited about this. This is a chance for us to make a big impact in the space and to do it with teams that are already the best in class out there. So that's that piece. The second, you asked about performance. We can talk about our pilot markets. Those are going well. They're earlier in phasing, so it's hard to see, but absolutely on track. To me, what's more interesting is looking at the performance of these already in-market teams that we are now going to be partnering with, like Metronet, who we see penetrations in the upper 30s in their more mature markets because they already pass over 2 million homes. So we can see at more scale how that asset's performing. Now, our thesis has always been that our brand and our distribution is our embedded customer base and our know-how can actually add performance to a partner like that in a very cost-effective way. But it's on top of a team that's performing very, very well. Got it. Thanks, Mike. You bet.

Operator, next question, please.

The next question comes from Simon Flannery with Morgan Stanley. Please go ahead.