Iliad to decide by the middle of next month whether to pursue T-Mobile

Iliad to decide by the middle of next month whether to pursue T-Mobile
French telecommunications company Iliad, whose previous bid for T-Mobile was quickly rejected, is giving itself until the middle of October to decide whether or not it will improve its initial bid for the fourth largest mobile carrier in the U.S. German telecom giant Deutsche Telekom owns 66% of T-Mobile, and sources close to the company say that the operator is pessimistic that Iliad can bring anything new to the table as far as T-Mobile is concerned. The German carrier apparently comes to this conclusion because of the lack of experience that Iliad has with the U.S. market.

Originally, Iliad offered $15 billion for 56.6% of T-Mobile, a deal valued at $33 a share. Both Deutsche Telekom and T-Mobile rejected the bid, saying that it was too low. Iliad also said that it would work together with partners on an acquisition of the U.S. carrier. The company is said to be talking to banks willing to finance the purchase, and there is a report that private equity firm KKR is working with Iliad in an attempt to raise $5 billion to $6.5 billion. 

Dish Network is also said to be interested in T-Mobile. Dish CEO Charle Ergen has long desired a wireless carrier and took a swipe at Sprint last year before losing out to Japan's SoftBank.

source: Reuters

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8 Comments

1. HansGoneInsane unregistered

I live in Europe and as far as I can read in the newspapers, here and on the internet, T-Mobile US is doing pretty well recently. Why should Deutsche Telekom want to sell it? Is T-Mobile not profitable? Does someone here know?

5. Salazzi

Posts: 537; Member since: Feb 17, 2014

Tbh I have no clue. My understanding was Deutsche wants to focus more back on it's home turf, with increased competition back there.

2. nathan.carter

Posts: 416; Member since: Aug 11, 2014

no apple is justifying theyre large screen bit. 6+ units are out of reach so now users are going for the 4.7 because they want iphone now. making it seem as if the smaller screen is better. but its only better because users have been used to the small screen since it launched 2007. android went big to accomidate people with huge hands.(we all cant fit our thumbs on an iphone) The big one, yea i would try it but I'm too used to the freedom of android.

3. nathan.carter

Posts: 416; Member since: Aug 11, 2014

wrong article......how'd that happen?

4. Not_Amused321

Posts: 65; Member since: Jan 06, 2013

Boo lliad there just going to suck t mobiles money to the french telecom lliad... They need to keep the bids for us telecom or any business in the us that has spectrum... DT wants to get rid of tmobile so they can upgrade there stuff over there in Germany... Dish would be a decent buyout... So then there would be spectrum in the us with dish and tmobile... I heard somewhere that the fcc and something else don't want to see tmobile bought out by a company that's not from us....that would be unfair to tmobile... I pay unlimited for tmobile because there doing so good that I predict that in a year or two there going to get rid of there unlimited plan and I'll be grandfathered in and that's why I stick to the unlimited everything plan plus I don't mind dishing over a couple extra dollars to tmobile...they've deff come a long way....I would have to say thanks to legere

6. Augustine

Posts: 1043; Member since: Sep 28, 2013

It took a German company like T-Mobile to shake up the typical anti-consumer American carriers. The last thing that we need is that it now falls in the hands of yet another anti-consumer American cable operator.

8. Not_Amused321

Posts: 65; Member since: Jan 06, 2013

That is true, but either way sadly DT wants out.

7. JMartin22

Posts: 2369; Member since: Apr 30, 2013

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