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August 1, 2014
NEW YORK (AP) — T-Mobile US Inc. has another suitor on its hands. Upstart French telecom company Iliad SA on Thursday said it has offered $15 billion for a majority stake in the fourth-largest U.S. cellphone company.
Iliad is injecting itself into the courtship of T-Mobile and Sprint Corp., the No. 3 U.S. cellphone carrier. Sprint has reportedly been in talks with T-Mobile for months, but no deal has been announced. Analysts believe U.S. regulators are likely to block the T-Mobile/Sprint pairing due to concerns that it would reduce competition and thus raise prices for consumers.
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