Iliad wants a controlling stake in T-Mobile, submits $15 billion offer

[Guest Justin Herrick]

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The merger between T-Mobile and Sprint could be on hold with today’s news. Iliad, a French telecommunications company, has submitted a $15 billion offer in return for 56.6% of T-Mobile. The company values the other 43.4% of T-Mobile at $40.5 billion. The interest in T-Mobile specifically is because it “has successfully established a disruptive position, which in many ways, is similar to the one Iliad has built in France.” Iliad is putting so much momentum behind this bid due to the value for telecommunications in the United States. The industry is locked up by four major players, two of which are trying to merge, and one of them is up for sale.

 

If SoftBank wants Sprint to merge with T-Mobile, it better hope the entire process moves along a lot quicker.

 

Via: Bloomberg

 

 

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