Wireless Industry News » Iliad remains open to improving its bid for T-Mobile US
French mobile and Internet firm Iliad is still open to working with other companies to improve its offer for T-Mobile US, but it is not saying which partners it is exploring its options with, according to comments from Iliad CFO Thomas Reynaud.
Iliad in late July made a $15 billion bid for 56.6 percent of T-Mobile, valuing the carrier at $33 per share. T-Mobile parent Deutsche Telekom rejected that offer as too low.
Speaking after Iliad reported its quarterly results, Reynaud said several unnamed industrial and financial partners had approached the company since it first made its bid. "The offer we made is still pertinent but it could evolve, not specifically in terms of valuation, but on the percent of the capital (that Iliad proposes to buy)," he said on Monday, according to Reuters. "To ensure that these discussions go to term, we cannot tell you more about them this morning." Read the full article