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