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

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.

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.

FTC Sues to Stop Nvidia's Acquisition of Arm

Dec 2, 2021
The US Federal Trade Commission (FTC) is taking action to block the proposed acquisition of Arm by Nvidia. Arm designs chip architectures used throughout mobile and computing industries.

Dish Closes Acquisition of Boost Mobile, Unveils New Plans

Jul 1, 2020
T-Mobile US and Dish Network today announced that they have completed the previously-announced sale of Boost, the prepaid arm of Sprint. Dish now owns the Boost brand and takes responsibility for its 9.3 million customer accounts, hundreds of employees, and thousands of independent retailers.

WeChat and TikTok Still Available in US; Future Uncertain

Sep 21, 2020
Popular Chinese-owned apps WeChat and TikTok narrowly avoided a US government ban on new downloads Sunday night. On Friday, President Trump directed the US Department of Commerce to issue a ban on US companies (including Apple and Google) facilitating downloads of — or updates to — the WeChat and TikTok apps specifically, citing national security concerns.

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