This was really a breakthrough year for services. We see great potential in managed services where we do take over and operate the networks for the operators.

China is still the market with the largest potential, ... It adds about five million mobile phone users a month.

So the carriers are uncertain about their future, which is holding back investment.

The acquisition of the Marconi businesses has a compelling strategic logic and is a robust financial case. As fixed and mobile services converge, our customers will substantially benefit from this powerful combination.

It should be something quite compelling should we do something,

China doesn't show any growth this year and could even show a decrease by the end of the year.