Iliad Plans for Bigger Stake in T-Mobile

Iliad is planning to bid for a bigger stake in Deutsche Telekom’s T-Mobile US than it sought in July, according to Bloomberg. The original offer proposed buying 56.6% of T-mobile US for about $33 a share. Bloomberg noted that Deutsche Telekom isn’t sure if a larger stake would be sufficient as it would leave them with more cash but a smaller remaining stake in T-Mobile. Meanwhile, T-Mobile CEO John Legere is “sick and tired” of hearing rumors on the speculation of his company. “Legere, in a profanity-laced tirade, said his employees still have post-traumatic stress disorder from AT&T Inc.’s failed attempt to buy the wireless carrier in 2011. Still, Legere acknowledged he has ‘a fiduciary obligation to shareholders to look at any and all offers,’ he said yesterday at the GeekWire conference in Seattle. He also said there are a number of ways for T-Mobile to succeed, independent of an acquisition. ‘We can be a very profitable, growing company,’ he added,” according to Bloomberg.