Iliad is giving up on its futile attempts to purchase T-Mobile US

Iliad

If you have never heard of Iliad before now, don’t worry – most people in the US haven’t. It’s a company that has taken the French mobile market by storm, slashing prices and creating real competition for the French people, and it’s a company that hoped to piggy back on T-Mobile’s recent actions that attempt to do the same thing. Unfortunately for Iliad, T-Mobile just didn’t think the partnership would work out – and thus Iliad has stopped try to court the US carrier.

Iliad first made an attempt at purchasing T-Mobile US shortly after the merger with Sprint and Softbank failed, initially attempting to get just under 57% of the company. It was rejected for being too low, and it reportedly tried again, this time offering $36 per share for 67% of the carrier. Apparently, T-Mobile wouldn’t even let Iliad plead its case the second time around:

The Iliad Group announces that it puts an end to its project of acquiring T-Mobile US, following exchanges with Deutsche Telekom and selected board members of T-Mobile US who have refused to entertain its new offer.

T-Mobile has made it clear that it will only entertain offers from companies that already have US spectrum and an existing customer base – both of which Iliad lack. It has also indicated that it doesn’t really need a merger anymore to be successful.

So far, it’s looking like Dish Network is the only remaining suitor that T-Mobile will consider, but we’ll keep our eyes open for other possibilities.

[Iliad via TMoNews]
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John F

John was the editor-in-chief at Pocketables. His articles generally focus on all things Google, including Chrome and Android, although his love of new gadgets and technology doesn't stop there. His current arsenal includes the Nexus 6 by Motorola, the 2013 Nexus 7 by ASUS, the Nexus 9 by HTC, the LG G Watch, and the Chromebook Pixel, among others.