re: T-Mobile Running Out Of Moves
I saw an article over the holiday weekend that indicated that in order to get the FCC and DoJ to buy-off on the merger, AT&T is proposing to sell off 40% of the T-Mobile assets, once acquired. This includes not only CUSTOMERS, but SPECTRUM as well. AT&T finds itself in a difficult spot at this point. It can't afford the $3+ billion in cash as well as the spectrum it promised to T-Mo if the merger was not approved. From what I understand of the deal, it really can't (and doesn't want to) afford to dump the spectrum, and they want to keep the newly acquired customers as well. In order to get the deal approved, they will have to withdraw and resubmit the approval request.
Any way, AT&T looks at this, it seems its going to find itself in a difficult place, having to either come up with cash and spectrum to pass to T-Mobile as part of the "failure penalty" they agreed to, or an agreement to sell off almost half of what they acquired.