> Sprint was clearly about to go bust had the merger not happened, and there still would’ve been three cell phone companies. Or alternatively, Sprint's shareho

> Sprint was clearly about to go bust had the merger not happened, and there still would’ve been three cell phone companies. Or alternatively, Sprint's shareholders would have been wiped out, and its creditors could have continued operating it after taking a loss on their loans, preserving competition in the cellular service market. My source is that they reported they were set to be cash flow positive (meaning profitable outside of servicing debt) in 2019: https://seekingalpha.com/news/3413933-sprint-cfo-sees-t-mobile-deal-progressing-positive-cash-flow-ahead https://seekingalpha.com/news/3413933-sprint-cfo-sees-t-mobi... That still might have been untenable for their shareholders, but it is misleading to say the alternative was still three cellular service companies.