Iliad weighing new T-Mobile bid

By Dow Jones newswires

For Iliad, known in France for sparking a cutthroat price war in the mobile market, buying T-Mobile US would give it access to one of the world's largest telecom markets, where it sees potential to win customers with cheaper offers. "Our offer is probably even more pertinent today after Sprint pulled out of the race," Iliad Chief Financial Officer Thomas Reynaud said at a news conference. "It could evolve though," he added. "Not necessarily on the value, but on the percentage of the capital," he said.

T-Mobile US's Chief Financial Offer Braxton Carter said in August that while Iliad's late-July offer was "very flattering" it was "a very inadequate value proposition. " Yet he signaled that the company may be open to a higher bid. "Our offer has certain merits: it has no antitrust risk, is financed and offers a premium," Mr Reynaud said.

Read more here: Business Spectator


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