I spoke with a friend I know at a hedge fund. They have a 400+...

I spoke with a friend I know at a hedge fund. They have a 400+ lined model on TPM. They are saying with this new pricing, the sweet spot is staying in the $14.25 per Mbps CVC band. Because of the Vodafone contract contribution, EBITDA will be an easy beat for FY18 and in dollar terms will no longer decline in FY19 and FY20. The margin in percentage terms will decline but you won't see EBITDA fall below FY18 levels.