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  "documentTitle": "2026 02 Capital Markets Day",
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      "text": "(1) Europe includes Poland, Belgium & Luxembourg, Romania, Slovakia, Moldova (2) Mobile contract ex M2M + FBB retail accesses (3) EBITDAaL – eCapex; historical basis, excl. Spain (4) Customer Value Management",
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      "text": "Revenues 2025 €7.3bn; >60% convergence penetration; Operating cash-flow margin +2pt 2022-2025; 28m customers; 17m FTTH homes connectable; Efficient volume & value strategy",
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      "text": "Innovative growth: Offers adaptation, Adjacencies enriched offers, >5% IT&IS growth (Cyber, Cloud), Increasing FTTH monetisation rate, Marketplace starting in Poland",
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