We have recently proposed the concept of Networks without Borders, which allow the dynamic establishment of virtual networks from a pool of spectrum, infrastructure, and management and control functionality. In this talk, we will present our initial models for the sharing of infrastructure and spectrum and its impact on coverage and aggregate capacity. We employ Bayesian games to model carrier aggregation and the ability of mobile network operators to schedule access to each other’s licensed spectrum. On the infrastructure side, we use mobile operator data from Europe to quantify the infrastructure requirements to achieve a given coverage target, treating current base station deployment as a pool of resources from which a virtual network can be architected.