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That's right. In any case, S better get a move on it's merger with CLWR (before it becomes too big i.e. LTE wholesaler and also too costly). In the future such a merger could be stalled in the light of FCC concerns http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_C/threadview?m=tm&bn=88597&tid=68829&mid=68829&tof=20&frt=2or even antitrust issues by the DOJ. On the other hand T-mo may gobble up CLWR ASAP before S has time to even blink.