 We're here at GSR 16 in Shemashake in Egypt and I've got the great pleasure of being joined by Mr. Peter Pitch who is Associate Council for the Intel Corporation. Peter, thank you very much for being with us today. It's my pleasure. Now, I'd like to start off by talking about regulators as we are the Global Summit for Regulators and I wanted to ask you, in your opinion, how can regulators foster an environment which accelerates affordable, high quality broadband services in developing countries, in your opinion? At the outset, I'd like to say why does Intel care? We care because we want broadband to be widespread, affordable and high quality. That'll be good for us, but obviously that's what consumers want too. We think the best way that governments, public policy makers can achieve that goal is by creating an environment that attracts investment in private facilities-based competition. But in every case, that's not possible. Sometimes it's not profitable to serve high-cost areas and there we think government has a very important role in providing assistance to companies to make it profitable, raise the money efficiently and then pay it out in a way that gives consumers a choice. There's been a lot of discussions here about 5G, the Internet of Things, smart cities. I wanted to ask you, what would be the key takeaways for you from this? It's quite an alphabet soup. In fact, you forgot M to M, machine to machine. Yes. I mean, the takeaway for me is the excitement, the complexity, the uncertainty surrounding all of this. One of the other takeaways is that as one of the commentators, I think someone from the ITU mentioned, we need a 5G regulatory model. We need an approach that makes it flexible and reduces risk, it encourages companies, try things. Oftentimes we're going to find what works serendipitously. And finally, we're here at GSR 16. This is an annual event which brings together obviously regulators, but key players in the industry. What's the interest particularly for Intel to be here and why is it an important event for you? Well, first off, let me say I've come to many, probably most of the GSRs. I particularly like the panels, but I most especially like the chance to meet with all the regulators, not only is it efficient, but it's a great opportunity to learn what's going on in countries. We come with a preconceived idea of what works. And when you talk to these regulators, you learn what's going on in their countries. It's a great chance to get smarter. Peter Pitch, thank you very much for being with us today. My pleasure, indeed.