Sprint Nextel (NYSE:S) is suddenly red-hot as two suitors fight for the blushing bride's hand. First there was a 70% ownership offer from Japanese iconoclast Masayoshi Son and his SoftBank business -- a pure wireless combination that puts Japanese interests into Sprint. Then Charlie Ergen's DISH Network (NASDAQ:DISH) countered with a larger cash-and-stock offer that would swallow Sprint whole. This combination would create a brand new hybrid -- let's call it a wireless broadcaster.

Either deal is sure to shake up the wireless industry, but with very different endgames. Which one is better for the company, for investors, and for the American smartphone market overall? In this video, Fool contributor Anders Bylund walks you through the pros and cons of each deal.

Fool contributor Anders Bylund holds no position in any company mentioned. Check out Anders' bio and holdings or follow him on Twitter and Google+.

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