 The internet has seen a phenomenal growth over the past two decades, especially starting 1991 when the US government has opened NSF Net to the commercial use. And back then, the internet's engineering task force had recognized that the average space was almost going to be depleted by the end of the 90s. So a new version has been designed by the ITF called IPv6. And this will allow the internet to be extended, at least from the internet, from the average space. But at the same time, many functions have been reviewed and redefined to better cater for more functions that could assist, in this case, the current internet that we have today, which is mobile internet. So you need plenty of address space in order to do that. Now the deployment as such is following more the same pattern that the address space depletion. So the central pool has been depleted in February 2011. And then the regional ones, like the Asia Pacific area and Europe, have been depleted in 2011 and 2012, respectively. And we expect the US region or North American region to be depleted in 2014. And then the smaller regions like Africa and Latin America will follow afterwards. So in terms of deployments, we see obviously a strong push from the European side due to the involvement of the European Commission with various projects. So basically the ITU is based in Switzerland. So Switzerland is number one today due to the deployment of the Swisscom IPv6. So it has reached 10% of internet penetration in a country which makes Switzerland number one today. So this is a proof that's pioneering in this area. Followed by countries like France, even Luxembourg, since the telecom operators have done IPv6. And we see Germany moving pretty ahead also in this curve. But in terms of the users, the US with 10 million users today is number one followed by Japan with almost 5 million users. And the current IPv6 internet penetration so far is about 2% looking at the Google stats of people accessing Google with IPv6. So basically today when you access Google, you will access it only via IPv6. The same thing for the top 10 websites in the world, which is basically the content needed in order to make IPv6 happen. But at the same time, a lot of governments have taken actions. Obviously the US government has put a lot of effort with its further IPv6 task force. And in a recent event organized by the ITU in Warsaw for the regulators. So you can visit that place. And we have made a contribution into how the base governments and especially the regulators are promoting IPv6 around the world. And it's interesting to look at the Saudi Arabian example, which is quite leading because they have done it the proper way. And it could be an example for the other regulators in order to motivate the other regulators to push IPv6. So obviously it's in the hand of the ISPs and the telecom operators. So the telecom operators are reluctant to move fast into IPv6 because it is a big investment to them. And since NAT, which is kind of the switchboard, the internet similar to the switchboard in the 60s where people didn't have their own phone numbers. So they had to call the switchboard to be connected. So the internet functions today. And I think that's the end to end model is very important for the many new innovative applications that are going to come with the smartphones and also the internet things as well as smart grid and the many applications that need to have their own dedicated IP addresses. So you'll be able to monitor them and manage them either locally or remotely. So the innovation in the internet is not yet there. You can do it today in smaller scales, but with IPv6 you'll be able to do it in bigger scales. So you would find that you have pioneers and followers. Basically you will not have losers on the internet because the IPv4 has shown that everyone can join and it will not be different for IPv6. So it's quite normal that the pioneers are going to be the leaders in this area. And we see that from places to places and you go always into these S curves. So those that have started early basically lose a bit of impact later on. So newer entrants take advantage of that S curve because they are starting late. So you will see in the end when the address space is totally depleted and the number of internet users is reaching about 3 billion with the smartphones I think it will not be far by the end of this decade to have basically everyone and everything. So we're talking about something like 50 billion internet connections in the world and looking at the latest stats from Cisco, they're showing that the internet will have certain impacts, a value of 14 trillion dollars on the economy by the end of this decade. So obviously IPv6 has a business case and the first winner should be the technical operators to create new innovative ways for the end users to access the internet. And IPv6 has to be transparent to the end users. Like today people don't know that they have an IP address and it will not be different for IPv6 at the beginning but later on when people start recognizing that they are present on the internet with their own IP addresses then they will create, they will become internet producers instead of just consumers today. So the production is left to experts today but in the future I think it will become a place that everyone could be an expert in delivering different services from his home or from his mobile device or having access to different services across the various economic ecosystems connecting his car to his dealer or directly to the manufacturer to do the various maintenance and so on and so forth. So the potential of IPv6 is quite tremendous and it will need a lot of education. There are like 20 million engineers to be educated on IPv6 and I think that's the first hurdle to get V6 across to the engineers in order to implement it. But like always, this is most probably the biggest update if not upgrade of the internet and the largest you can imagine and most probably the last one for the kids to come until we find something new. But it's like with the phone, we have nothing new than the phone so it will be with us for a long time because it's a big investment and the internet will be also there with us for a long time. So we have to sustain its growth and sustainability in the future. I think this is a very formidable task for all of us and the ITU will play a great role by getting especially the regulators to get the governments to be the first biggest user as their procurement capacity is quite big so they can create the business case for the business ecosystem so the ISPs as well as the industry and how to promote IPv6 in their countries for a better internet in the future. Thank you.