Home › News ›

Iliad Bails on Attempt to Acquire T-Mobile

Oct 13, 2014, 12:26 PM by Eric M. Zeman

Iliad today 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 acquire 67% of the company for $36 per share. Iliad arrived at today's decision "following exchanges with Deutsche Telekom and selected board members of T-Mobile US who have refused to entertain its new offer." Deutsche Telekom has long sought to rid itself of T-Mobile, but has yet to successfully sell the company. Iliad believed acquiring T-Mobile would have helped the combined entities realize $2 billion in annual cost savings, as well as given Iliad a toehold in the U.S. market.

source: Iliad

Related

Apple's "Find My" Network Officially Open to Third-Party Devices

Apr 7, 2021
Apple has officially opened up the technology behind "Find My iPhone" to non-Apple devices. The first devices using the new program ship next week, including bicycles from VanMoof, true wireless earbuds from Belkin, and a keychain-style tracking tag from Chipolo.

T-Mobile Intros New 5G REVVL for $200

Jun 30, 2021
T-Mobile's new REVVL V+ 5G will offer 5G for just $200 on both T-Mobile and Metro by T-Mobile this July. The T-Mobile-branded REVVL V+ 5G follows the REVVL 5G, which broke new ground by offering 5G for just $400 when it launched a little less than a year ago.

Google Photos Phasing Out Unlimited Photo Storage

Nov 11, 2020
Google Photos will no longer offer unlimited free backup of new "High quality" content from non-Pixel phones starting June 1, 2021. Since launch, Google Photos — available for both iOS and Android — has been unique in offering this free lifetime service.

Commerce Dept. Delays TikTok Ban as App Remains in Legal Limbo

Nov 12, 2020
TikTok will remain available and in business in the US for now, as the Commerce Department finally announced today that it will not enforce the order — that was set to go into effect today — which would have effectively shut down the app in the US. The new deadline from the Commerce Department is November 27th.

T-Mobile Activates 988, the new Mental Health Crisis Lifeline

Nov 20, 2020
T-Mobile today became the first major wireless provider to launch 988, the new three-digit emergency number for those in need of free mental health support. Dialing the number connects you directly to the National Suicide Prevention Lifeline, a network of approximately 180 crisis centers staffed by professionally trained counselors.

more news about:

Comments

This forum is closed.

This forum is closed.

MadFatMan

Oct 13, 2014, 5:58 PM

Now Just Where Have I Seen This Before?

Iliad proposes a buyout, TMO says "sure" but if it fails through you have to pay us a RIDICULOUS amount of money.

I guess TMO saves their subscribers money by screwing other companies instead of their customers.

Can't say I disagree with this..

TMO you dirty little corporate tease you.

Vmac39

Lol You know, as I was reading this article, I was thinking something very similar. T-Mobile already knows the U.S. government will not allow any large company to purchase it, and any company small enough will not have the money to buy it.

T-Mobil...
(continues)

...

amarryat

Who says that Illiad had to pay them anything?

...

Page 1 of 1