T-Mobile, Iliad deal unravels
Iliad SA is the third suitor to scrap takeover offer; T-Mobile CEO John Legere not perturbed
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New York
THE PRESSURE is on Mr John Legere to keep T-Mobile US on the comeback trail after a third suitor walked away in as many years.
Iliad SA on Monday scrapped its offer to buy a majority stake in T-Mobile, joining Sprint Corp and AT&T Inc in failing to secure a takeover of the smallest of the four major US wireless carriers. Board members of Deutsche Telekom AG, which owns two-thirds of T-Mobile, have been split over whether the German carrier should sell its only growing asset, people familiar with the matter said last month.
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