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

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(GlobalPost/GlobalPost)

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)

http://www.globalpost.com/dispatch/news/thomson-reuters/140805/t-mobile-us-reject-iliads-15-billion-bid-early-tomorrow-ft