Deutsche Telekom of Germany reports that it is not interested in the LLIAD offer...
Deutsche Telekom of Germany, the majority owner of T-Mobile US, which has long sought an exit from the United States, appeared cool to the idea of a new suitor. It has already turned down the bid, according to a person briefed on the matter.
Also, LLIAD doesn't have the financing in place for such a offer and LLIAD has half the market cap as TMUS.
The French company, which has a market value of 11.9 billion euros ($15.9 billion), reported #$%$1 billion in revenue during the first quarter of 2014.
Revenue at T-Mobile US, which has a market capitalization $25.3 billion, reached almost $7.2 billion during the second quarter of the year, the latest figures available.
Yet it is unclear how Iliad would achieve $10 billion in cost savings, since the French company has no presence in the United States. Analysts have reckoned that a merger of Sprint and T-Mobile US could produce cost savings in the tens of billions of dollars in large part from both companies cutting duplicate functions like marketing and back-office operations.
Buying a big stake in T-Mobile US could also test Iliad’s financial capabilities.