A new report coming out of Bloomberg this afternoon is pointing at French carrier Iliad increasing their offer and stake for T-Mobile USA, and to buy them from Deutsche Telekom. For a while, Deutsche Telekom has been trying to offload T-Mobile USA and get out of the US so they could focus more on their home market in Europe. However, lately, they’ve been seeming more and more like they want to stick with T-Mobile USA. As they are really adding tons of customers right now and also working hard on improving their market and buying more spectrum. While DT hasn’t come out and said that they are no longer interested in selling T-Mobile USA, but they are not in a huge rush anymore.
The deal that Iliad put out for T-Mobile USA earlier this year was for 56.6% stake in T-Mobile USA for about $33 per share. However, Deutsche Telekom wants around $35 per share or more. And this new deal is said to be much larger, both in the amount but also the stake in the carrier. We don’t have any idea what the numbers are, but we’ll see soon enough if it’s high enough for Deutsche Telekom and T-Mobile to approve it. Iliad is in talks with French banks and other financial institutions to secure about $5 billion in funding to buy T-Mobile USA.
In the past, AT&T and Sprint have both attempted to buy T-Mobile. AT&T’s bid for T-Mobile was rejected by the FCC and T-Mobile got a nice chunk of cash and spectrum from AT&T for that. While Sprint pulled out early before they’d have to pay T-Mobile the break up fee. It’ll be interesting to see how the FCC and other regulators see this deal between Iliad and Deutsche Telekom and whether it’ll be approved or not. What do all of you think? Let us know in the comments below.
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