It's hard to determine whether the wholesale strategy is a mark of genius or desperation.

A deal, for AT&T, makes sense because I really think they would get demolished during the next few years as a standalone company.

It will be years before wireless carriers are at a level where they can handle the type of volume that landlines can.

Companies are merging because they don't like this price deflation in wireless.

There is a growing sense that these companies have strong wireless businesses and the market hadn't been appropriately valuing them.

Reason cannot establish values, and its belief that it can is the stupidiest and most pernicious illusion