Iliad said it will no longer pursue an acquisition of T-Mobile U.S. The company first floated an offer for the company in late July. It proposed to acquire 56% of the company, but T-Mobile’s majority owner Deutsche Telekom rejected the bid. Iliad later put together more resources with the help of financiers and proposed to […]
T-Mobile has rejected Iliad’s initial offer to buy the company, reports the Wall Street Journal. The $15 billion bid for a 56.6% stake in the company was “not attractive enough” and “dead on arrival” according to a source cited by the Journal. T-Mobile also denied Iliad’s request to open its books, which would have been […]
Iliad, a telecom business based in France, has made an unsolicited offer to purchase T-Mobile U.S. The company submitted the offer to T-Mobile’s board within the last week. It is offering $15 billion in cash for a controlling 56.6% stake in the company. Iliad’s role in the French mobile market is similar to T-Mobile’s in […]
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