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French telecom upstart Iliad’s surprise $15 billion bid for a controlling stake in T-Mobile US gives parent Deutsche Telekom more options amid expected U.S. regulatory opposition to a possible merger between T-Mobile and Sprint. After Europe’s stock markets closed on Thursday, Iliad confirmed its $33-per-share bid for a 56.6% stake in T-Mobile (TMUS), whose stock gained 6.5%, closing near Iliad’s offer price. U.S. shares of Deutsche Telekom Scalper1 News
Scalper1 News