Antitrust issues would prevent T from holding position in VZW(ireless). Any joint takeover of VOD by VZ and T is stalled into early October because of rules related to VZ's denial of a joint takeover in early April. VOD would be stupid to sell their VZW stake but if a full takeover offer is made for VOD then VOD's board of directors will be losing their titles.... VZW worth a lot more in years ahead as more spectrum demands emerge and the spectrum holdings of VZW begin to reap rewards. The ball is in VZ's court to get a deal done because VOD is fine holding its stake into the future. Interest rates still way low on historical standards but the clock is ticking....problem at the moment is T/VZ joint bid can't happen until early October.