Orange produced better-than-expected results in the third quarter of 2014 as the France-based operator halted the pace of revenue decline and made progress with cost cutting.
With what appeared to be a Gallic shrug and a large sniff in the best traditional style, Iliad this week finally abandoned plans to buy T-Mobile US, thus ending a period of intense speculation over what Iliad owner Xavier Niel might offer next for the Deutsche Telekom-owned operator. The question now is: what will Niel and Iliad do next?
Now that French Internet and mobile company Iliad has dropped its pursuit of T-Mobile US, it seems likely that T-Mobile will continue as an independent entity and a unit of Deutsche Telekom for the foreseeable future. Financial analysts seem to think that's great news for T-Mobile, which has had strong momentum in the market.
French Internet and mobile firm Iliad said it has discontinued its pursuit of T-Mobile US, arguing that Deutsche Telekom and T-Mobile "refused to entertain" its offer to acquire T-Mobile.
T-Mobile US parent Deutsche Telekom is unlikely to accept a revised $35 per share offer from French Internet and mobile firm Iliad if Iliad were to make such an offer, according to a new report from a financial analyst.
The epic struggle to acquire T-Mobile US has been one of the more interesting stories in the telecommunications world this year, and France's Iliad has certainly been one of the more determined companies in that quest. According to new reports, Iliad--which saw its earlier efforts spurned--is in the process of prepping a new offer to try again. FierceWireless has a complete report here.
French mobile and Internet company Iliad intends to bid for a larger stake in T-Mobile US, as Iliad nears a self-imposed deadline to improve an offer for the carrier, according to a Bloomberg report.
French mobile and Internet firm Iliad has set a deadline of mid-October to either make an improved offer to take control of T-Mobile US or abandon its pursuit, according to a Reuters report.
France-based Iliad has reportedly given itself until the middle of October to decide whether to improve its bid for T-Mobile US or give up on efforts to buy the U.S. unit of Deutsche Telekom.
T-Mobile US would strike an M&A deal with another company only if they had U.S. spectrum, a U.S. customer base and offered "favorable financial terms," according to financial analysts.