T-Mobile CFO Says Iliad's $15 Billion offer for the Company is "Very inadequate"

Well this is no surprise. But we all know that a few weeks ago, Sprint backed out of trying to buy the nation's fourth largest carrier, T-Mobile USA. Just before that happened, a French Telecom provider Iliad, put in a bid for about $15 billion to buy T-Mobile. Which was a huge difference from the bid that Softbank had in. Softbank was looking to pay about $40 billion for T-Mobile. And that was just for a controlling interest. Well T-Mobile's CFO, Braxton Carter, was speaking at an investors conference in Boston yesterday, and spoke about Iliad and said that their offer was very inadequate. Which shouldn't be a surprise. However, Iliad is working with Dish, Comcast and a few other Cable/ISP's here in the US to sweeten the deal. Carter stated:

"We believe today that we're undervalued. And we believe that our forward potential is significant."

Yesterday, was the first time that a T-Mobile executive said anything about Iliad, or really anything about being bought our and merged, period. However, Carter kept it short, and sweet. While there is a chance that Iliad could come up with a better deal, it still may not be feasible for T-Mobile's future. As they'd spend all their money on buying T-Mobile and wouldn't be able to invest in magenta's network, which is their issue right now with Deutsche Telekom. DT hasn't invested any money in T-Mobile USA in quite some time. Hopefully we'll see Deutsche Telekom invest in T-Mobile now that they are making money and adding customers left and right, but who knows.

One thing is clear, plenty of carriers want their hands on T-Mobile. First AT&T attempted to buy them, and that fell through, then Sprint, and now Iliad. I wouldn't be surprised to see Dish attempt to buy T-Mobile in the near future as well.

 

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Alexander Maxham

Head Editor
Alex has written for Androidheadlines since 2012 as Editor of the site and traveled the World to many of the biggest Smartphone and Technology events. Alex has a background in Technology and IT and Deep Passion for Everything Android and Google. His specialties lay in Smartphones of all budgets, Accessories, Home Automation and more. Contact him at [email protected]