France’s Iliad will reportedly try to acquire T-Mobile in October

The possibility of T-Mobile’s acquisition over the past few months has been heavily reported and while initially it was believed that Sprint will go ahead and pick it up, now it looks like T-Mobile US may come under French ownership. Recently French telco Iliad submitted a surprise bid for the carrier which was ultimately rejected for being too low. Since then Iliad has reportedly reached out to private equity firms in order to raise finances and submit a revised bid that would be acceptable to T-Mobile’s majority stake holder Deutsche Telekom.