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T-Mobile US to reject Iliad's $15 billion bid as early as tomorrow - FT

Published 05/08/2014, 18:52
T-Mobile US to reject Iliad's $15 billion bid as early as tomorrow - FT
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WASHINGTON (Reuters) - T-Mobile US (N:TMUS) is planning on rejecting Iliad's $15 billion (8.8 billion pounds) offer for the carrier because its parent company, Deutsche Telekom < (DE:DTEGn) views the offer as too low, the Financial Times reported on Tuesday, citing two people with knowledge of the situation.

The sources said T-Mobile could reject the bid as early as Wednesday.

Iliad's bid arose as Japan's Softbank (T:9984) finalised talks with Deutsche Telekom to buy T-Mobile, offering roughly $40 a share compared with Iliad's $33 a share offer.

(Reporting by Marina Lopes; Editing by Chris Reese)

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