Earlier this year, when Sprint had reached the final stages in its acquisition talks with T-Mobile, Iliad announced its offer. When the Sprint deal consecutively fell apart – leading to the stepping down of Dan Hesse, Sprint’s CEO – there were rumors that T-Mobile would be acquired by Iliad. However, those in the know now say that since day one, the Iliad offer was never taken seriously by T-Mobile, as is indicated by the lack of any solid agreement between the two parties. According to a press statement by Iliad, DK and T-Mobile said that they would not take any further bids from Iliad into consideration.
T-Mobile has been showing steady growth over the last one year, with the increasing popularity of its program to buy out the contracts of new subscribers. The intention behind Iliad’s bid was to cut down costs to the tune of nearly US$2 billion if it had successfully gained T-Mobile’s ownership.