 Good morning, my name's Stuart White. I'm the Chief Executive of ARCHEC Consulting based in the United Arab Emirates. I specialise in policy and regulation and strategy in the ICT sector. It was my honour to moderate a session on the digital dividend and the Internet of Things yesterday with a very active panel. Picking up on topics that have already been dealt with in the leadership summit around the explosion of data that we're expecting as machines communicate with machines and big data is a reality. Spectrum of course is very necessary to accommodate the explosion in data and the use of it and will be very important in terms of broadband deployment across all our countries which is now recognised as a necessary lifeblood of the whole digital economy. We had panellists representing the mobile operators, broadcasters, policy makers, spectrum managers which gave a very good balance to the enormity of this subject. Of course in all of that one cannot forget the consumer or the customer if you will also referred to in the debate as the citizen as this is about enhancing and enabling all of us to communicate in this digital dividend world. One topic which was debated was whether or not the Internet of Things require the digital dividend to be fulfilled and there was general recognition that it is necessary because otherwise we'll never be able to handle all the data that we expect to explode as we heard on Sunday at the Leadership Summit. Change is exponential and that will certainly be true of the usage of data in the coming years and indeed the immediate future that is upon us. We also had a lively debate between the interests and needs of the broadcasters as opposed to the mobile operators but what is clear is that there needs to be an equitable and fair use of this spectrum and that has been part of the planning since the WRC in 2007 and of course the one that is coming up next year. Again the debates will be lively. One interesting thing that has emerged in a number of sessions including my own was that regulators need to be at the forefront of the challenges with policy makers. It has taken far too long to plan what is coming and once here things happen very fast and we need to be lighter foot and this is not just telecommunications regulators because many of the applications that we expect to see in the Internet of Things are in many sectors, banking, health and so on so that other regulators those such as the central banks will be involved. So the stakeholder engagement will also be immense as we move forward but as we ended our session goodwill and good stakeholder engagement should assist all of us enjoy the benefits of the digital dividend as we embrace the Internet of Things as an opportunity and not worry about it in a fearful way.