Granted nobody but AT&T really knows how much spectrum AT&T really needs, and competitors and consumer advocates alike continue to worry that AT&T is simply using their deep pockets to acquire additional spectrum to prevent new competitors from entering the market.
Nailed it!
They need the spectrum says Deloitte: »Deloitte: Spectrum Issues to Cause Network Congestion -- A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasury.