Redeye has revisited our case after the announced Telia framework agreement. The agreement has the potential to make a real difference in growth rates and how long this higher growth rate is sustainable. The long-term structural growth case in Europe for FTTH/B is intact, and we see that Waystream has made significant steps for long-term growth in critical European markets after landing some important orders. We increase our Base Case to SEK 100 (45) per share on the back of substantially higher growth expectations.