According to The Street, Sprint-Nextel is at a 52-week low with today’s closing price. Their market cap is $10 billion.
Apple as $70 billion in cash on hand.
Google is buying Motorola.
I think Apple should buy Sprint. And they should stop distributing the iPhone via Verizon and AT&T in the US.
- guarantee a distribution channel for media which Apple proffers
- boost Sprint’s value
- accelerate the deployment of 4g (and better) network technologies (a la LightSquared)
It would also give, in my opinion, a strong leg-up for Sprint on their suit against AT&T’s proposed acquisition of T-Mobile.