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Iliad offers $15bn for T-Mobile US
2014-08-01 02:00:00| Total Telecom industry news
French telco enters race for U.S. mobile operator with a bid lower than that reportedly being prepped by Softbank.
French company Iliad bidding for T-Mobile US
2014-07-31 21:43:55| IT Services - Topix.net
Mobile US Inc. has another suitor on its hands. Upstart French telecom company Iliad SA on Thursday said it has offered $15 billion for a majority stake in the fourth-largest U.S. cellphone company.
Tags: us
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French company Iliad bidding for T-Mobile US
2014-07-31 20:30:15| Telecom - Topix.net
Mobile US Inc. has another suitor on its hands. Upstart French telecom company Iliad SA on Thursday said it has offered $15 billion for a majority stake in the fourth-largest U.S. cellphone company.
Tags: us
company
french
bidding
France's Iliad makes takeover bid for T-Mobile US
2014-07-31 18:50:00| Telecompaper Headlines
(Telecompaper) French operator Iliad, know under the brand Free, has made a takeover bid for T-Mobile US. The surprise offer marks Iliad's first expansion outside its home market, where it first broke open the triple-play market and then drove down prices in the mobile market by becoming the fourth network operator. Iliad said T-Mobile's 'unCarrier' strategy has many similarities to its own development in France. The French company is offering USD 15 billion for 56.6 percent of T-Mobile US, equal to USD 33.0 per share. It values the remainder of T-Mobile at USD 40.5 per share, based on an estimated UD 10 billion in synergies. This results in a total price of USD 36.2 per share, a premium of 42 percent on T-Mobile's share price in December 2013 when reports first emerged of Sprint's interest in T-Mobile. Iliad said it would finance the cash offer in a combination of debt and internal resources and has secured the support of international banks for the loans. Around EUR 2 billion would come from a capital increase at the French company, in which controlling shareholder Xavier Niel has pledged his participation. Iliad said it does not expect any regulatory problems with the acquisition, given it currently has no presence in the US.
Iliad profit surges on customer growth, higher sales in 2013
2014-03-10 09:20:00| Telecompaper Headlines
(Telecompaper) French broadband and mobile operator Iliad, which owns Free and Free Mobile, reported increased revenue and profit in 2013, as it added over 300,000 customers to reach a total of 13.68 million. Consolidated revenue totalled EUR 3.75 billion in 2013, up by 19 percent, mainly thanks to the expansion of the mobile business and, to a lesser extent, to ongoing growth in landline. Group EBITDA grew by over 30 percent to EUR 1.2 billion, with the EBITDA margin widening by almost 3 percentage points to 32 percent. Net profit surged by 42 percent to EUR 265 million in 2013 from EUR 187 million in 2012.
Tags: sales
customer
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