Iliad plotting improved offer for T-Mobile US

2 Sep 2014

French billionaire Xavier Niel’s Iliad unit is talking to a number of private equity firms with a view to teaming up to make an improved offer for Deutsche Telekom’s (DT’s) T-Mobile US operation, Bloomberg reports, citing people familiar with the matter. In addition, Iliad chief financial officer Thomas Reynaud has disclosed that unidentified financial and industrial partners have approached Iliad regarding a joint offer for T-Mobile, including US buyout firms and overseas sovereign-wealth funds.

Iliad’s discussions with potential partners are expected to accelerate after DT last week indicated its willingness to negotiate a sale if a would-be buyer offers at least USD35 per share for the business. In August the German giant rejected a USD33 per share bid from Iliad, for 56.6% of the company.

United States, Deutsche Telekom (DT), Free, T-Mobile US