I haven’t checked out the numbers for the other carriers but your quick formula for calculating AT&T Next vs subsidy is wrong. Let’s take for example a 64GB Note 5 from AT&T. It’s $349 with subsidy, on AT&T Next 18 it’s $35 a month. So even if we were to disregard tax, 349/24=14.54167 then add 25 to that is 39.54167.…