France's Illiad bids for T-Mobile US: report

Jul 31, 2014

Shares in T-Mobile jumped Thursday on a report that French telecommunications firm Iliad is bidding to buy the US wireless service carrier.

T-Mobile US shares were up more than four percent to $32.24 in the wake of a Wall Street Journal report that Iliad weighed in a week ago with a counter to an offer made by US telecom company Sprint.

The Journal reported that Iliad's was crafted to give it control of T-Mobile but did not specify financial terms.

A deal for Sprint and T-Mobile to merge has been brewing for months, with one report saying terms valuing T-Mobile at more than $30 billion were being hammered out.

T-Mobile on Thursday announced that its revenue in the second quarter was up eight percent from the same period last year, and that it had gained about 1.5 million subscribers.

Explore further: Sprint and T-Mobile near merger deal: reports

add to favorites email to friend print save as pdf

Related Stories

Sprint and T-Mobile near merger deal: reports

Jun 05, 2014

US telecom service firms Sprint and T-Mobile were nearing a deal valued about $32 billion and likely to be scrutinized by anti-trust regulators, US media reported Wednesday.

Cheaper wireless plans cut into AT&T 2Q profit

Jul 23, 2014

(AP)—AT&T Inc. on Wednesday posted lower net income for the latest quarter due to cheaper cellphone plans it introduced as a response to aggressive pricing from smaller competitor T-Mobile US.

Facebook 2Q earnings, revenue soar (Update)

Jul 23, 2014

(AP)—Facebook is on a roll. The world's largest online social network posted sharply higher earnings on Wednesday as revenue from mobile advertising continued to grow, and more people used it, more often.

Recommended for you

Intel in talks with Altera on tie-up

16 hours ago

US tech giant Intel is in talks with rival Altera on a tie-up to broaden the chipmaker's product line amid growth in Internet-connected devices, the Wall Street Journal reported Friday.

Apple chief Cook to give his wealth away: Fortune

21 hours ago

Apple chief Tim Cook is joining Mark Zuckerberg, Bill Gates and other technology titans who have vowed to donate their wealth to charities, according to a report in Fortune magazine.

BlackBerry tops 4Q profit forecasts

Mar 27, 2015

BlackBerry posted a surprise profit in the fourth quarter, but saw a sharp drop-off in revenue as the once-iconic smartphone company said it reached the halfway mark of its turnaround effort.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.