Latest in Carrier

Image credit:

France's Iliad calls it quits on trying to buy T-Mobile USA

Share
Tweet
Share
Save

Sponsored Links

AT&T wanted to buy T-Mobile USA. That fell apart. Then, Softbank CEO Masayoshi Son wanted Sprint to merge with it. No dice. Most recently, Iliad (the owners of a French wireless carrier called Free) wanted to acquire a 67% stake in it. You can probably guess what happened: Iliad announced that it's officially dropping its bid for T-Mobile, despite repeatedly claiming it'd "accelerate T-Mobile US' transformation". If we're being honest, Iliad never had the cash on hand to counter Sprint's coffers -- that may explain why neither T-Mobile's board nor folks at Deutsche Telekom didn't really give them the time of day. The Ilium team must be bummed, but no matter: T-Mobile's on the upswing now as it is. At last count, the magenta-hued carrier picked up over 2.5 million subscribers over the first half of the year, enough to let it crow about being the country's fastest growing carrier. Thought's not to say that Deutsche Telekom won't still try to offload it, though -- now it's going to wait for a spectrum auction later this fall before it decides what to do next.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share
Save

Popular on Engadget

Engadget's Guide to Privacy

Engadget's Guide to Privacy

View
Fitbit is reportedly in the early stages of exploring a sale

Fitbit is reportedly in the early stages of exploring a sale

View
Tilta mods Blackmagic's Pocket Cinema Camera with a tilt screen and SSD

Tilta mods Blackmagic's Pocket Cinema Camera with a tilt screen and SSD

View
Three Mile Island's infamous nuclear plant shuts down after 45 years

Three Mile Island's infamous nuclear plant shuts down after 45 years

View
Samsung asks users to be extra careful with the Galaxy Fold

Samsung asks users to be extra careful with the Galaxy Fold

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr