NOTHING will be allowed to occur that will separate the lease spectrum from the owned spectrum.
TOO VALUABLE to let go. What will happen is a "financier" (Google) will refinance the WHOLE debt package at a most favorable interest rate and generous share redemption in the event of failure (in other words they'll own CLWR if Sprint continues to stonewall).
Google can easily be the SOLE note holder and an force Sprint to build or lose their 50% in a BK.
The 160 MHz of spectrum is TOO valuable to break-up and DOJ & FCC WILL NOT allow SB to control.
This is headed toward a consortium of owners wholesaleing to ALL.
If Sprint plays nice they will receive favorable treatment.
Goggle w/use DISH SAT for content and backhaul.
$8+ NO LESS !!!
my Guess Google could take out Sprint & Clear wire at total of say $10.00 . or a few bucks more with no share holder fight. that would be a steal at that price even. let them both remain as they are today and let the share holders drive both companies share prices up and enjoy the ride.
I think Son knows deep in his heart his deal is not going to happen. To many American companies with a good cash flow and good credit to compete with to get Gov. approved above the 25% Rule if one steps in with a better offer.