Question-and-Answer Session
Operator
(Operator Instructions). We will take our first question today from Michel Morin from Barclays Capital.
Michel Morin - Barclays Capital
A question on Columbia if I may, I was wondering if you are still seeing any effect from the reductions that we have seen in mobile termination rates over the past year, and then I believe that there was a change in the regulation of the dominant carrier in that country precluding them from charging differentiated tariff on net traffic. So, I was wondering if you had seen any benefit from that at all.
Mikael Grahne
Yes, let me answer that question. The dominant operators need to change the basically tariff plan will only be valid as of December 06. So, as of today, we haven’t seen anything. Then there has been a small change in the interconnect calculation, but it doesn’t have had any material impact on our performance.
As we have said before, we believe progress in Columbia will be done based on our own efforts and any impact going to change hopefully will accelerate those, but at the end of the basis will success for us in that market.
Michel Morin - Barclays Capital
Okay. Just to clarify you said December 06, you mean?
Mikael Grahne
December 06 of ’09.
Michel Morin - Barclays Capital
Okay, that’s great. Then also related to South America, your CapEx has come down significantly and your operating cash flow has increased significantly. How should we think about your capital intensity, I think you mentioned that you had some CapEx plans and brought CapEx in absolute numbers might increase, but should we expect that it would continue to remain at around current levels on a percentage of sales basis?
Mikael Grahne
We haven’t at this stage given no guidance for 2010, because we want to lock in our budgets as late as possible, so that we have maximum visibility. I think in general in ‘09 because the planning for ‘09 was done in September based on July ‘08 data, we entered the year with slightly higher capacity required. So the kind of a CapEx numbers you’ll see primarily in Latin America is a little bit reflection of that. So we’re totally rebuilding the CapEx plan for 2010, based on more tighter capacity.
Operator
We now move to our next question today, which comes from Chris King from Stifel Nicolaus.
Chris King - Stifel Nicolaus
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