If tomorrow, Sprint were offered $5 per share for their 700 million shares - THEY WOULD NOT SELL!
Why? Because CLWR is worth FAR MORE than $3.5B to Sprint.
That's right - FAR MORE than $3.5B!!!
Sprint has NO NETWORK VISION without CLWR.
Let's up the ante and assume Sprint received $5B to walk - what would they do with $5B? Build their Nationwide LTE Network? HARDLY - they don't have the spectrum!!!!
The ONLY deal that works for Sprint is an Angel partner - like GOOGLE+DISH.
Sprint MUST HAVE CLWR Spectrum and a CASH infusion to succeed!!!!
Therfore ... $8+ NO LESS for you and me!!!!
Better yet, Google buys Sprint for $9/sh does 1:1 CLWR and builds the Nationwide Agnostic Mobile Super Pipe. Wholesales to all Aggregating Carriers. Reaps $5/mo from each subscriber and sprays their content (plus DISH content) EVERYWHERE.
Sprint will NOT be allowed to steal CLWR spectrum.
Sprint will FAIL without CLWR + a partner!
You do realize that Sprint can go along with Dish alone (without Clearwire). Dish is very eager to team up with Sprint because Dish desperately needs a national carrier that they're even willingly to use leverage against Sprint into accepting Dish as a partner.
I suspect if SB and Sprint’s deal collapses or fails to acquire Clearwire there will be a shotgun marriage between Sprint and Dish (40 MHz). Sprint and Dish will share their combined spectrum (about 100 Mhz) while Sprint as the sole network operator and Dish contributing perhaps $4B into the buildout pot.
In other words, Clearwire is nice to have but not essential to Sprint’s Network Vision.
So you say Sprint can go alone with dish but forgot to explain why. I forgot that dish has enough spectrum for data traffic to last five years. Oh wait they don't, not even close. Good thing you enlightened everyone.