You are correct. Sprint is going to dribble to zero. They are doomed. Sprint has been on a decline for 10 years now and is going down for the last time. The I phone and the bet in WIMAX over LTE is what killed them.
Sprint stock will go to zero and then re IP like the GM stock I rode to zero. Sprint will re IPO to new share holders pennies on the dollar and will then kick T and V as they will have low pricing.