<- Hard dé e: 0.02171516418457 sec -> The French operator has renounced his American ambitions, at least temporarily. Iliad, the parent company of Free, announced Monday in a statement “to terminate its proposed acquisition of T-Mobile US, after discussions with Deutsche Telekom and some representatives of the Board of T-Mobile US”.
In late July, Iliad said he was willing to pay $ 15 billion. to take a controlling stake (56.6% stake) in T-Mobile US subsidiary of the German Deutsche Telekom. According to press reports published in early October, Iliad preparing an extension of its offer after being turned down by Deutsche Telekom, which had not found satisfactory the original proposal of the French.
As a result of this rejection, “Iliad set up a consortium with two funds private equity and international banks to significantly improve the terms of its offer by increasing the amount of money and increasing the share of capital T-Mobile US gained 56.6% to 67%, “says the French operator. He said that “this new offer, about $ 36 per share, would have taken place as part of the financial policy of the Iliad Group in terms of debt and dilution.”
The CFO of Iliad, Thomas Reynaud, had assured early September that its offer was “still valid” but could “evolve in terms of capital and include partners”. In vain. Despite the failure of its operation on T-Mobile US, the Group ensures that it “will continue its profitable growth policy as conducted for 15 years in the interest of its customers, its employees and its shareholders,” concluded the statement said.
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