Vodafone stands out over fellow 3G operators in mature markets.

Nineteen percent of homes in Western Europe are already 'cellular-only'; cellular operators should be encouraged to see that a further 18 percent of cellular users with fixed telephones are also considering disconnecting that fixed line.

There were two key trends in the global wireless market in 2005. First, emerging markets contributed phenomenal levels of subscriber growth. In particular, Russia, India and Indonesia saw major growth in new users in 2005, up 40-50 percent over 2004 levels.

The last two quarters have seen U.S. wireless voice metrics move to a new rate of decline. The decline in per-minute voice revenues continues.

The bread and butter of the industry are the mature markets, but because of the falloff in replacement activity, vendors are going to have to go out and look for growth elsewhere. That's the challenge for the industry.

Our growth in the distributed management software space in mature markets pretty much outstripped everyone.