France's Iliad Bids US$15 Billion for 56% Stake in T-Mobile US

Iliad submitted a proposal to T-Mobile U.S. to acquire 56.6% of the company's outstanding shares for $15 billion, or $33 per share.

Iliad said it is making the offer because the T-Mobile is a disruptive competitor in the large and attractive U.S. mobile market.  Unlike a contemplated Sprint + T-Mobile combination, Iliad does not believe there will be any regulatory hurdles to its proposal.

Iliad currently has about 8.6 million mobile subscribers under its "Free" brand in France.

http://www.iliad.fr/en/presse/2014/CP_310714_Eng.pdf