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French company Iliad bidding for T-Mobile US

2014-07-31 21:43:55| IT Services - Topix.net

Mobile US Inc. has another suitor on its hands. Upstart French telecom company Iliad SA on Thursday said it has offered $15 billion for a majority stake in the fourth-largest U.S. cellphone company.

Tags: us company french bidding

 

T-Mobile Adds 1.5 Million Customers

2014-07-31 21:38:09| PC Magazine Cell Phones Product Guide

T-Mobile chalks its success up to recently launched services like T-Mobile Test Drive and Music Freedom.

Tags: million customers adds tmobile

 
 

French company Iliad bidding for T-Mobile US

2014-07-31 20:30:15| Telecom - Topix.net

Mobile US Inc. has another suitor on its hands. Upstart French telecom company Iliad SA on Thursday said it has offered $15 billion for a majority stake in the fourth-largest U.S. cellphone company.

Tags: us company french bidding

 

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

 

T-Mobile passes 50 mln customers with 1.5 mln added in Q2

2014-07-31 13:38:00| Telecompaper Headlines

(Telecompaper) T-Mobile US again raised its target for customer growth this year, after adding 1.5 million new subscribers in Q2. The mobile operator now expects retail postpaid net additions of 3.0-3.5 million this year, up from a forecast in May of 2.8-3.3 million. The company reached a total 50.545 million customers at the end of June, after adding 908,000 postpaid and 102,000 prepaid retail customers in Q2. Postpaid retail growth included 579,000 phone customers and 329,000 mobile broadband users, mostly tablets. The portion of postpaid customers on Simple Choice plans rose to 80 percent at the end of the second quarter from 75 percent three months earlier and is expected to hit 85-90 percent by year-end. Despite pressure on ARPU from the Simple Choice plans, T-Mobile grew quarterly service revenues 7.1 percent year-on-year pro forma or its takeover of MetroPCS, to USD 5.48 billon. Adjusted EBITDA was up 14.7 percent on the same basis to USD 1.45 billion, and T-Mobile maintained its outlook for annual EBITDA of USD 5.6-5.8 billion. The operator also ended four consecutive quarters of net losses with a net profit of USD 391 million in Q2. Capex was down slightly to USD 940 million in Q2, and the target for the full year remains USD 4.3-4.6 billion. 

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