Iliad to decide on T-Mobile bid by mid-October - report

Monday 22 September 2014 | 10:01 CET | News
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French operator Iliad has set a deadline of mid-October to decide whether to raise its bid for T-Mobile US or walk away in the face of resistance from parent company Deutsche Telekom, people familiar with the situation told Reuters. A source close to Deutsche Telekom said it has doubts whether Iliad will be able to improve the business of its 66 percent-owned T-Mobile US. Deutsche Telekom has rejected Iliad's offer of USD 33 per share to buy 56.6 percent of T-Mobile. Iliad is trying to team up with private equity funds, including KKR, to raise USD 5 billion to USD 6.5 billion of funds,

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Categories: Mobile & Wireless
Companies: Deutsche Telekom / Iliad / T-Mobile US
Countries: United States
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