Analyst: Not enough fat at T-Mobile for Iliad to cut

Deutsche Telekom has already rejected Iliad's offer to buy 56.6% of T-Mobile for $15 billion. The French telecom, known for being as much of an upstart in its country as T-Mobile is in the states, claims that buying the carrier would result in $10 billion in savings and an additional $2 billion in annual earnings before interest, taxes, depreciation, and amortization (EBITDA). Iliad expects to reach those targets by running T-Mobile as cheaply as possible.



The problem is that T-Mobile is already running very lean. According to Roger Entner, an analyst at Recon Analytics in Boston, T-Mobile's ...