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Iliad Bids $15 Billion for a Majority Stake in T-Mobile US
Posted: 02-Aug-2014 [Source: NYT]

[French mobile company, Iliad, bids $15 billion for a mjaority stake in T-Mobile USA.]

By Mark Scott, Michae J. De La Merced, NYT -- " “The U.S. mobile market is large and attractive,” said Iliad, which was founded by Xavier Niel, a billionaire French entrepreneur who is an owner of the newspaper Le Monde. “T-Mobile has successfully established a disruptive position, which in many respects, is similar to the one Iliad has built in France.”

Deutsche Telekom of Germany, the majority owner of T-Mobile US, which has long sought an exit from the United States, appeared cool to the idea of a new suitor. It has already turned down the bid, according to a person briefed on the matter."


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