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

Google Intros Pixel Buds Pro

May 11, 2022
Google today announced the Pixel Buds Pro, the company's first wireless earbuds with ANC (active noise cancellation). Like most competing buds, they offer a Transparency Mode that lets you hear your surroundings if you wish.

Mint Mobile Now Owned by T-Mobile

May 2, 2024
T-Mobile has completed its planned acquisition of Ka'ena Corporation, which includes the Mint Mobile brand. T-Mobile says Mint will "continue to operate autonomously ...

Motorola Upgrades its razr Foldables Across the Board

Jun 25, 2024
Motorola has revealed its new razr and razr+ foldable phones for 2024. While the price points are unchanged at $700 and $1,000, both models get important upgrades.

FAA Outlines One-Year Phase-In of Mid-Band 5G Near Airports

The FAA, wireless carriers, and the aviation industry have reached an agreement that will allow AT&T and Verizon to fully utilize their new mid-band 5G radio spectrum near airports by this time July 2023. The agreement includes a phased approach that will allow loosened restrictions by the end of 2022.

T-Mobile Fills Rural Gaps in Mid-Band Spectrum in FCC Auction

Sep 1, 2022
The FCC has completed its Auction 108 for 2.5 GHz radio licenses and announced the winners. As expected, T-Mobile purchased the vast majority of the over 8,000 county-based licenses on offer.

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