T-Mobile U.S. to reject Iliad's $15 billion bid as early as tomorrow: FT

WASHINGTON Tue Aug 5, 2014 3:14pm EDT

The logo of French low-cost telecoms provider Iliad is pictured during the company 2013 annual results presentation in Paris March 10, 2014.    REUTERS/Jacky Naegelen

The logo of French low-cost telecoms provider Iliad is pictured during the company 2013 annual results presentation in Paris March 10, 2014.

Credit: Reuters/Jacky Naegelen

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WASHINGTON (Reuters) - T-Mobile US is planning on rejecting Iliad's $15 billion offer for the carrier because its parent company, Deutsche Telekom < views the offer as too low, the Financial Times reported on Tuesday, citing two people with knowledge of the situation.

The sources said T-Mobile could reject the bid as early as Wednesday.

Iliad's bid arose as Japan's Softbank finalized talks with Deutsche Telekom to buy T-Mobile, offering roughly $40 a share compared with Iliad's $33 a share offer.

(Reporting by Marina Lopes; Editing by Chris Reese)

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