According to this article from Deadzone, it could happen eventually.
Google GOOG announced it would be building a fiber-optic network in Kansas City with connection speeds around 1 Gps, which is 100 times faster than what most people use.
Sprint's S headquarters are in Overland Park, Kansas, which is just a stone's throw away from Kansas City. The author of the article believes that Google was trying to buy T-Mobile, but did not want to pony up the $39 billion AT&T T did.
At $13.6 billion, Sprint's market cap is far lower, and Google probably wouldn't have to pay more than $20 billion for Sprint, including the premium.
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