Iliad Supposedly Seeking Additional Investors To Improve T-Mobile Bid

Hot on the heels of last weeks announcement that T-Mobile Parent company Deutsche Telekom rejected Iliad's bid to buy 56% of T-Mobile for $15 Billion, and the recent announcement that T-mobile was getting ready to reject the deal on their own behalf tomorrow, it seems that Iliad is more than serious about trying to acquire the controlling share of the company. Rumors are stating that now they are planning to improve their bid by talking to various additional investors. The sources of this information seem keen on remaining anonymous so for now take this with a grain of salt. However the main goal here appears to be for Iliad to get enough financial funding and backing from investors in a revised bid, to up the amount per share that they can offer for T-Mobile.

This is still unknown as to whether or not this is actually true or even if Iliad can pull off a successful bid this time around if it is, but one thing that has us wondering, is whether Iliad has plans to increase the share amount that they want for the bid or if they will plan on keeping it at the same percentage as the first offer. Right now even in the midst of all the Iliad news the deal that has been going on between Deutsche Telekom and Sprint's owner, Japanese Corporation SoftBank, is still continuing on its path with plans to be presenting the deal to the FCC presumably sometime in the fall after we enter into the month of September. It appears that DT has no intentions of accepting a bid from French Telecom company Iliad, but who is to say that if the right bid came along that they couldn't be swayed?

Dish Network, Cox Communications, and Charter Communications which are all U.S. cable and satellite companies are said to be the additional investors that Iliad is seeking assistance from or at least talking to, potentially giving rise to a proposed joint bid should the talks go smoothly. Those aren't the only investors though, as it's also said that Iliad is reaching out to Ontario Teachers Pension Plan and GIC Private Limited, a sovereign wealth fund based out of Singapore.

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About the Author

Justin Diaz

Head Editor
Lover of food, craft beer, movies, travel, and all things tech. Video games have always been a passion of his due to their ability to tell incredible stories, and home automation tech is the next big interest, in large part because of the Philips Hue integration with Razer Chroma. Current Device: Google Pixel.
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