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Iliad SA Makes A Takeover Bid For T-Mobile


Iliad SA, a French telecoms operator has made a buyout offer to T-Mobile U.S. Inc. countering the existing takeover bid from Sprint Corp. Iliad SA has a market cap of 16 billion, while T-Mobile has a market cap of $25 billion, so its not clean how the company would finance the purchase. The offer was made last week, and Iliad was working with several banks to secure the financing. Sprint and T-Mobile’s controlling companies have agreed to a deal in which Sprint will buy T-Mobile for $32 billion.  T-Mobile’s Chief Executive said, “The opportunity for a transaction that brings capital and spectrum would be highly beneficial.”