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Iliad, which had initially proposed buying a
56.6 percent stake in Deutsche Telekom AG's U.S. unit, is still
prepared to offer about $33 for each T-Mobile share, the
Bloomberg report said on Thursday. (http://bloom.bg/1ptJhzs)
Executives at Deutsche Telekom, which owns 66 percent of the
fourth-largest U.S. carrier, feel that a minimum of $35 per
share would be a fairer price for T-Mobile, the report cited two
people as saying.
Sprint Corp, which in August dropped its bid to acquire
T-Mobile, had agreed to pay $40 per share under the broad terms
of an agreement worked out with Deutsche Telekom.
Iliad has set a mid-October deadline to decide whether to
improve its bid or walk away, sources had told Reuters earlier
in September.
Deutsche Telekom, which makes about a third of its sales and a
fifth of core profits in the United States, has tried to sell
T-Mobile twice since late 2011 because it sees it as too small
to compete with market leaders Verizon Communications Inc and
AT&T.
Iliad's spokeswoman declined to comment. T-Mobile and Deutsche
Telekom could not be reached immediately for comment.
T-Mobile's shares closed up 2.5 percent at $28.80 on the New
York Stock Exchange.
(Reporting by Anya George Tharakan in Bangalore and Maya
Nikolaeva in Paris; Editing by Sriraj Kalluvila)
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