Don't cry too hard for TM. They were bleeding customers before the AT&T deal was ever contemplated.
Also, the compensation package, if the deal fails, goes directly the Deutsche Telekom and does not have to be used in the interests of the TM USA business.
From the moment that TM failed to participate in the last round of the spectrum auction that led to the 700 mhz frequency being distributed for LTE deployment, it was clear that Deutsche Telekom (DT) had no long term strategy for TM USA and were only interested in setting the company up for sale/merger. Without that spectrum, TM USA have no route to compete with the leading carriers as they shift to delivering both data and voice over full 4G bandwidth.
Forget about the compensation package helping TM USA to recover from 2+ years of declining subscriptions. DT want the money from the sale to go to support their European operations. They've already said so.
Even with the situation regarding AT&T clarified, Apple will probably not agree to the release of an iPhone model with the required AWS (1700/2100) frequencies because the status of TM USA will remain deeply uncertain. In fact, its viability without AT&T or the compensation funds will become even more precarious until another adequate buyer steps up, which can not only meet DT's revised asking price, but also show the wherewithal to invest in the critically overdue network upgrade that will keep TM USA competitive as the rest of the top tier evolve into LTE.
said by MaynardKrebs:
..... until they have added to the damage that they have already done to T-Mobile.
TMO has been bleeding customers, in part due to throngs not wanting to become customers of the Deathstar.
TMO becomes a better competitor the minute it gets AT&T's breakup-fee cash & spectrum (and maybe an AWS iPhone model), so AT&T will stall the inevitable announcement of a dead deal for as long as possible for those reasons.
Hopefully TMO will then sue AT&T for some anti-competitive behavior once the check clears the bank.