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French carrier Iliad offers to buy T-Mobile U.S. |
July 31, 2014
French mobile operator Iliad has offered to buy T-Mobile US, the fourth-largest U.S. cellular carrier, in a bid that could complicated an offer reportedly in the works at Sprint.Iliad confirmed on Wednesday that it has offered $15 billion in cash for 56.6 percent of T-Mobile. Its bid prices the whole company at $36.2 per share, a premium of 42 percent over T-Mobile’s share price on Dec. 12, before speculation about a Sprint bid affected the price, Iliad said.The bid has the support of Iliad’s board and its founder and majority shareholder, Xavier Niel, the company said. Iliad said it will raise the cash through debt and equity and has the support of international banks to raise the debt.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2460380/french-carrier-iliad-offers-to-buy-tmobile-us.html#tk.rss_all
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