Sure, Sprint (S +0.45%) has its problems and AT&T's (T) deal for T-Mobile (DTEGY.PK) isn't...

|By:, SA News Editor

Sure, Sprint (S +0.45%) has its problems and AT&T's (T) deal for T-Mobile (DTEGY.PK) isn't going to help. But the firm's shares are so battered at this point that they're actually trading at a discount to Sprint's net assets. Sprint's FCC licenses alone are worth $19.9B vs. the stock's $13.6B market cap.