Analysis, Business, Mobile Computing, VR World

French Telecom Company Iliad Pulls T-Mobile Offer

Iliad

French telecom company Iliad today announced their intention to pull their second offer for the acquisition of T-Mobile from parent company Deutsche Telecom

Read More...

Analysis, Business, Mobile Computing, VR World

Sprint to Dump T-Mobile Bid and Replace CEO

sprint-store

Today is not a good day in Sprint land as according to a report the Wall Street Journal, the company’s board of directors has voted to abandon the acquisition of T-Mobile USA  amid insurmountable regulatory hurdles. Sprint originally made an offer to buy T-Mobile USA to the tune of $32 billion dollars with the parent company of Sprint, Softbank, leading the negotiations and discussions about where the combined company would move post-merger. The problem with this deal was that it was met with a lot of regulatory concern from virtually every single governmental agency involved, not to mention tons of public outcry. The Department of Justice (DOJ),

Read More...

Analysis, Business, Enterprise, Mobile Computing, VR World

T-Mobile US Gets Offer from Iliad for $15 Billion

Iliad

A French telecom company roughly 1/6th the size of T-Mobile US (in revenue and about 1/2 by market cap), by the name of Iliad has just put up an offer to buy 56% of T-Mobile US for an approximate $15 billion in cash. This would theoretically still leave some shares of T-Mobile US in Deutsche Telecom’s hands, but would mostly wash them of the company and give them cash (instead of a mixture of cash and shares, which is what Sprint is supposedly offering). As of right now, there are still no official figures for the T-Mobile/Sprint merger deal, so we don’t exactly know what T-Mobile

Read More...