Operator: Good morning, ladies and gentlemen. Welcome to BCE's Second Quarter 2012 Results Conference Call.
I would now like to turn the meeting over to Mr. Thane Fotopoulos. Please go ahead, Sir.
Thane Fotopoulos - IR: Thank you, Dave. Good morning to everybody on the call this morning. As usual with me today I have George Cope, Bell's President and CEO; as well as Siim Vanaselja, our CFO.
Earlier this morning, we issued our second quarter results. The news release, our Q2 supplementary financial information package, and our slide presentation are all available on our corporate website. Following review of the slide presentation by Siim and George, we'll move to the Q&A period and answer as many of your questions as time permit.
However, as usual, before we begin, as I do every quarter, I want to remind you that today's remarks will contain certain forward-looking statements with respect to items such as revenue, EBITDA, adjusted EPS, free cash flow and capital intensity. Several assumptions were made by us in preparing these forward-looking statements and there are risks that our actual results will differ materially from those contemplated by our forward-looking statements.
For additional information on such risks and assumptions, please consult BCE's 2011 Annual MD&A as updated in BCE'S 2012 Q1 and Q2 MD&As and BCE's press release dated August 8, 2012 announcing our financial results for the second quarter of 2012 all of which are filed with the Canadian Securities Commissions and with the SEC, and which are also available on corporate website.
Any forward-looking statements today represent BCE's expectations as of today and accordingly are subject to change after such time. Except as may be required by Canadian Securities Laws, we do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, and I'm making this cautionary statement on behalf of both George and Siim, whose remarks today will contain forward-looking statements.
So with that, I'll turn it over to George.
George Cope - President and CEO: Thank you Thane. Good morning everyone. Thank you for joining us this morning. Great start to the morning as everyone hopefully knows Canada won two medals this morning. So we are off to a great start in London this morning.
Let me turn though to our business results. We are clearly very pleased this quarter with the growth in Wireless, Fibe TV and Bell Media, and importantly the industry-leading expense management across the Company. The growth segments and operating expense reductions drove excellent EBITDA margin improvement, strong EBITDA and EPS results enabling the company to announce today an early dividend increase of $0.10 per share effective October 15.
Let's turn the results and then on to Page 5; on the Wireless side, very strong quarter, postpaid net adds up to 102,000, up 8% year-over-year. Importantly on strategy seen growth in our business net adds and our strategy of Western expansion, obviously, starting to show traction with net add up year-over-year there as well.