Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Jonathan Atkin – RBC Capital Markets.
Jonathan Atkin - RBC Capital Markets
Can you elaborate a little bit on how much capacity you’re providing and then kind of the timing of the cash receipts, I think you talked about a total amount for ?08 but, what sort of timing would that have involved, and what would be the kind of the outlook for -- going forward in 2009 in terms of cash receipts. I guess on the operation part of that deal and then, second question is on CapEx guidance for the year I apologize if I missed any comment you made on that, but can you give us a flavor for what we’re looking at for the current year for CapEx?
Ronald Duncan
With respect to the AT&T agreement, we are pretty much limited to what we said in the press release, which describes that it is a large amount of capacity if you assume that large was sufficient to serve the entire existing needs of the marketplace that would be a good definition of large and we expect to receive a $25 million of the $8 million of the AT&T payment within the next 90-days or so and the balance before year-end, I think that’s probably about the limit of what were going to be able to disclose on the AT&T transaction.
Jonathan Atkin - RBC Capital Markets
And is there an amount in ’09 and going forward, kind of probably a smaller amount annually that you would be getting?
Ronald Duncan
They would make an annual O&M payment of amount that’s not large for ongoing operations and maintenance and then they have certain options to acquire additional capacity we estimated in the press release that cumulative amount of its capacity options would be less than $10 million, it’s hard to say when or if those would be triggered.
Jonathan Atkin - RBC Capital Markets
And given that the large amount currently being sold is enough to serve the entire existing needs in a marketplace, sounds like the -- it would seen un likely that they would exercise that option, would or would it not?
Ronald Duncan
The options are both for incremental capacity and some incremental facility routes the might be exercise, so I suspect some limited amount of the options will be exercise in the next 24 months, but I would be surprise to see additional capacity options exercise in the near-term.
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