France’s Iliad Challenges Sprint For Control Of T-Mobile
French telecommunications company Iliad SA has made a surprise offer for T-Mobile US Inc , setting up a potential bidding war with Sprint Corp, the U.S. mobile carrier now controlled by Japan’s Softbank Corp . The approach will further shake up a U.S. media and telecoms market already in tumult as a series of U.S. cable and cellular operators have bid for rivals to cut costs amid slowing growth.
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