CNBC: T-Mobile receives $15 billion bid for 56.6% of the company from French telecom Iliad

Shares of T-Mobile and Sprint were halted briefly on Thursday, amid speculation that Sprint was announcing its long-awaited bid for its rival. Instead, a surprise bid was made by French telecommunications giant Iliad. The company offered to buy 56.6% of T-Mobile for $15 billion. That works out to $33 a share. Iliad values the remaining 43.4% of T-Mobile at $40.50 due to the $10 billion of synergies it says that T-Mobile will receive.



Sprint reportedly has agreed with T-Mobile on a transaction that would value the entire company at $32 billion. That deal would come with a $2 billion break-up ...



via PhoneArena - News http://ift.tt/1xFJwv0

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