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Iliad shares drop after T-Mobile bid

2014-08-01 11:30:52| BBC News | Business | UK Edition

Shares in French start-up mobile company Iliad see a fall of 13%, their biggest drop in eight years, after the firm made a bid for T-Mobile US.

Tags: drop bid shares tmobile

 

Microsoft Loses Bid to Keep U.S. Out of Dublin Data Center

2014-08-01 06:39:14| PC Magazine Software Product Guide

U.S. officials want access to emails stored in Microsoft's Dublin data center. Today, they got one step closer.

Tags: data center microsoft bid

 
 

France's Iliad makes takeover bid for T-Mobile US

2014-07-31 18:50:00| Telecompaper Headlines

(Telecompaper) French operator Iliad, know under the brand Free, has made a takeover bid for T-Mobile US. The surprise offer marks Iliad's first expansion outside its home market, where it first broke open the triple-play market and then drove down prices in the mobile market by becoming the fourth network operator. Iliad said T-Mobile's 'unCarrier' strategy has many similarities to its own development in France. The French company is offering USD 15 billion for 56.6 percent of T-Mobile US, equal to USD 33.0 per share. It values the remainder of T-Mobile at USD 40.5 per share, based on an estimated UD 10 billion in synergies. This results in a total price of USD 36.2 per share, a premium of 42 percent on T-Mobile's share price in December 2013 when reports first emerged of Sprint's interest in T-Mobile. Iliad said it would finance the cash offer in a combination of debt and internal resources and has secured the support of international banks for the loans. Around EUR 2 billion would come from a capital increase at the French company, in which controlling shareholder Xavier Niel has pledged his participation. Iliad said it does not expect any regulatory problems with the acquisition, given it currently has no presence in the US.

Tags: us makes bid frances

 

Bid to hasten Coal India selloff

2014-07-30 14:18:26| Steel - Topix.net

It has already lined up sales in a clutch of PSUs, including Steel Authority of India Limited and ONGC, through the offer for sale route.

Tags: india bid coal hasten

 

Waste haulers seek chance to bid on Manatee County's estimated $140 million business

2014-07-30 07:39:05| Waste Management - Topix.net

Manatee County commissioners Tuesday agreed to suspend further legal work on a proposed renewal of solid waste contracts with current haulers, estimated to be worth $140 million.

Tags: business million chance estimated

 

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