It has always been obvious to me that SoftBank won't be pouring any more cash into this money losing pit. Lately, SB has been investing everywhere especially in entertainment and content delivery, but not in Sprint. Perhaps, SB realizes that Sprint's bk and liquidation would bring more values to SB's coffer through assets sale such as spectrum. This means Sprint's creditors keep all the assets and I think the largest creditor is SB who also happens to own 80% of the company which means SB controls the Board in any major decision.
The 2.5GHz costs more to deploy and even much more to operate, yet the biggest drawback is still with the 2.5 GHz "unpaired" status which means right at the getgo it's worth 60% "less" than the paired, according to a report .
Also, according to some articles, Sprint's 2.5 GHz spectrum isn't worth much because the propagation characteristics of the 2.5 GHz band are,
"- Limitations in coverage and availability of leased channels
- The requirement to preserve at least five percent of leased EBS channel
capacity for educational use
- Relative market value of unpaired spectrum
Differences in propagation and therefore coverage between the 2.5 GHz band and the lower frequency AWS-4, WCS and AWS-1 bands are significant enough to impact the relative value of the 2.5 GHz band."
Like I've said many times before that Dish is more likely to acquire T-Mobile either alone or through a 50-50 partnership with a third-party. Dish's spectrum is more compatible with T-Mobile than others because they both resides in the AWS neighborhood which means within the range of the antenna and the device eco system. Dish can easily raise the cash for this acquisition. The November auction will allow Dish and T-Mobile to acquire portion of spectrum that have been reserved for smaller players where Sprint, T, and VZ are not allowed to bid.
The value of Dish spectrum alone is worth at least $24B in the open market. Besides, Dish has a better chance of getting an approval from the FCC/DOJ. Ergen will finally fulfill his dream of owning a mobile carrier. Dish will nibble away what's left of Sprint's declining business. Sprint's ship has sailed and imo the ship is now slowly sinking. I think SB will never conduct business with Dish as Dish has poisoned the well that has costed billions more for SB to acquire CLWR. Besides, wireless carriers are now moving toward celestial from terrestrial just like the AT&T and DirecTV merger.