Q4 numbers were bang in line with expectations and EBITDAal was up by 2.4% yoy (a strong performance given the fact that higher revenues and continued cost control were partially offset by higher direct costs and inflationary effects). With the 5% increase in its dividend for 2023, the group now offers a 4.85% dividend yield. This leaves indeed some upside compared to Swisscom and Elisa. And, if you add the share buy-back, you have a 7% return to shareholders.