Deutsche Telekom rejects $15 billion offer from Iliad for T-Mobile

German telecommunications giant Deutsche Telekom has turned down a $15 billion bid from French telecom Iliad, for 56.6% of T-Mobile. The former owns a controlling 67% interest in the fourth largest carrier in the states. Iliad valued its bid at $36.20, a 17% premium over Wednesday's closing price. T-Mobile closed Thursday at $32.91, a gain of 6.4% for the day.



Sprint and T-Mobile are believed to have shaken hands and agreed on the broad strokes of a deal that values the upstart carrier at $32 billion for the entire company. U.S. regulators are not as keen on dropping the number of major ...