Investors have been giving Sprint a second look following a flurry of deal-making by the third-place wireless company.
Sprint announced plans in October to sell a majority stake to Japanese tech giant SoftBank in a deal worth $20.1 billion.
The cash could give Sprint (S) a fighting chance against its main rivals: AT&T (T) andVerizon (VZ).
Sprint has also offered to buy all of Clearwire Corp., a wireless broadband provider, for $2.1 billion.
The offer, if accepted, would give Sprint control of a relatively unused portion of the nation's wireless spectrum. But it could end up being valuable if the demand for more bandwidth creates a full blown spectrum crunch.
The moves have not been lost on investors, who sent Sprint shares up 142% last year. Still, the stock has been in a multi-year funk and is still far below the highs from its heyday in the late 90s. Sprint is expected to lose 82 cents per share in 2013. And analysts expect the company to post a loss in 2014 as well.
