Eurotel, CT’s fully owned mobile arm, plans to launch UMTS-based voice and data operations by the year end. The faster than originally expected launch of UMTS services should increase CT’s CAPEX this year – nevertheless, we do not expect the CAPEX to overshoot the target of 12% of sales. At the same time, the launch should provide Eurotel with a competitive advantage over its closest rival T-Mobile CR (plans to launch UMTS data only in the first stage).