The lads return from the Easter break by welcoming special guest Dag Peak of Alianza. Pausing only to reflect on the passing of the Pope, they start by asking Dag about his company and how it fits into the great telecoms scheme of things. That leads to a broader interrogation of the operator business model and what they can do to improve their fortunes. They eventually move on to discuss the latest news from Ericsson before reflecting on the growing hostility of the US state towards its own companies.