ceo gavin patterson rebuffed speculation linking bt with a takeover of uk broadcaster channel 4. >> as far as i'm aware channel 4 isn't up for sale and in any case we wouldn't comment on any sort of speculation. what i would say is the focus i guess or the center of gravity of the company is changing. we're becoming less dependent on open reach to drive the profits for the group as the whole. 60% of the profits are in the unregulated downstream part of bt in the uk now. >> growing aggressively. and with that comes this very large increase in net debt. we know why of course because most is ee. do you see that your acquisition strategy is going toi isease of now? are the shareholders saying you bought a lot of stuff and gone massive, is it time to bet everything in now and see how -- or actually do you just carry on with the big deals? >> the ee deal is a significant one. we've started the integration process. it's gone well. today we'll be upgrading the markets and forecast by 10, approximate. in terms of our priorities, it is paying down that debt. we do generate a significant cash flo