 Hi, I'm Steve Bell and I moderated the panel on telecom innovation, pivoting and going over the edge. The highlight of the session was the conclusion in the room that there was no innovation in telecom. There were only two hands out of the room that went up. But the most fundamental aspects that we talked about were in terms of the language that's used to describe innovation. And there's huge opportunity within the industry, but at this point in time there doesn't appear to be the will or the capability to actually translate that idea into something which is usable. There was mention of incubation, there was mention of funding, but at the end of the day it's really rethinking the business model. And one of the opportunities that came up was to take an old phrase that was very negative, which was the walled garden. And instead of being about holding customers in, utilizing it as a mechanism for protecting customers from cyber security and privacy attacks.