Iliad is currently in three markets, and we see upside triggers in all three markets. There is a lot for us to discuss with Nicolas!

Focus will be on a business update as we approach YE.

Focus will be on fintech and the credit opportunity, discussing themes coming out of New Street's recent initiation "Wallet Wars", as well as feedback from Pedro on last week's Black Friday in Brazil.

We look forward to discussing the extent of the Fintech opportunity with Renato who is driving this initiative at TIM

What to Expect From the Biden Telecom/Tech Policy.

Please join us for an investor call with Colony Capital management following their earnings release call.

Jonathan Chaplin & Blair Levin will host a conference call to wrap up our miniseries on the future of telecom policy in the wake of the November election. We'll focus on the risk and opportunities in terms of policy affecting cable (including the return to Title II), wireless (including potential changes in spectrum policy) and the sector generally (including potential changes for USF). We will also discuss how the debate around regulating Big Tech, including privacy, antitrust, and regulation could impact such things as merger activity in our sector under either election result. Finally, we'll look to the policy initiatives most likely to be championed, depending on the election outcomes, and address how those initiatives could impact our sector.

This will be the CEO, Allison Kirkby's first roadshow since her appointment.

The Role of the White House, the Congress and the Courts in setting Tech and Telecom Policy. We'll look at potential initiatives by either a Trump or Biden Administration, the likelihood of legislation (from infrastructure, to antitrust, to a telecommunications rewrite), and key cases affecting the ability of state, local, and federal authorities to regulate various private enterprise in the sectors. We'll be joined on the call by GRACE KOH & HAROLD FELD, veterans of creating tech and telecom policy from both sides of the aisle.

Between Covid-19 and the election, little appears certain about what the next year holds in US telecommunications policy. On some issues, such as Title I or II, or a nationalized 5G network, there appear to be stark differences. On others, such as spectrum, the differences are more nuanced. There appears to be a consensus that the digital divide must be bridged but no consensus on how to do so. On a host of consumer protection issues there is a wide variation and telecom regulation will inevitably be affected by the wave of legal and policy attacks now underway against Big Tech. We'll have three guests with extensive experience with the FCC (working for both Democrats and Republicans) and the general environment in DC. They will help us understand what is and isn't worth worrying about for the next year of telecoms regulation, depending on who wins, and what issues we may be overlooking as the interplay of technology, markets and politics transforms the policy makers' agenda.

We'll be joined on the call by GENE KIMMELMAN and PHILIP VERVEER, two of today's most important thinkers on matters of antitrust.

This is part of New Street Research's Spectrum Series calls