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Iliad drops plans to acquire T-Mobile US after 2nd refusal

2014-10-14 08:49:00| Telecompaper Headlines

(Telecompaper) French telecom group Iliad announced that it has abandoned its project of acquire T-Mobile US from Deutsche Telekom, after the latter's board refused to entertain a new offer. In July Iliad offered to buy 56.6 percent of T-Mobile US for EUR 33 a share, an offer that was rejected. The French company then formed a consortium with two private equity funds and sweetened its offer to 67 percent for around USD 36 per share, including cash and ifs share of value creation. Iliad writes that it sought to accelerate T-Mobile US's transformation, notably by saving over USD 2 billion in annual costs. The French group plans to continue its profitable growth policy as has been conducted over the last 15 years in the interest of its subscribers, employees and shareholders.

Tags: plans 2nd acquire drops

French ISP Iliad Drops Bid to Buy T-Mobile

2014-10-14 03:02:10| PC Magazine Cell Phones Product Guide

Iliad, a French ISP that made headlines in July with its bid to purchase T-Mobile, has abandoned that effort.

Tags: buy french bid drops

France's Iliad drops T-Mobile US bid

2014-10-13 21:42:27| IT Services - Topix.net

French telecom company Iliad SA says it has dropped its bid to buy a majority stake in wireless carrier T-Mobile US. Iliad, which is smaller than T-Mobile, made a surprise offer of $15 billion for a 57 percent stake in T-Mobile in July.

Tags: bid drops frances tmobile