Iliad moving on after T-Mobile declines acquisition offer

October 13, 2014

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In July, French telecommunications giant Iliad expressed interest to purchase a majority stake in T-Mobile. The offer at that time was roughly $15 billion for 56.6%. Recently, Iliad upped that number to take 67% at $36 per share. It was going all-in to get its foot into the United States wireless industry.

It all comes to an end today because T-Mobile's parent, Deutsche Telekom, has “refused” to entertain the new offer. Iliad has announced its pursuit of T-Mobile is over and will move on. In somewhat of a jab at Deutsche Telekom and T-Mobile, Iliad said in a press release that it will “continue its profitable growth policy as it has been conducted over the last 15 years in the interest of subscribers, employees and shareholders.”

This means that the door is still open for SoftBank to hop in and merge Sprint with T-Mobile.

Souce: Iliad (PDF)
Via: Bloomberg

Justin Herrick Author

Born and raised in New Jersey, Justin is a graduate of Fairleigh Dickinson University where he studied marketing with a focus on digital marketing. He's very talkative and enjoys discussing anything from technology and sports to video games and television. As for Justin's current device rotation, he carries around the Google Pixel and Nexus 9. In the rare case that his phone or tablet is not in his hand, he is either flicking through cards on his Moto 360 (2015) or typing away on the Microsoft Surface Book. Justin is patiently waiting for the day that Google replicates the Galaxy Nexus with modern day specifications.