The chief executive of France's telecom leader Orange said on Saturday he believed the price war in the national telecoms sector was coming to a close.
Breaking News
- Investor Dan Calugar Discusses Whether the Emergence of Quantum Computing in Algorithmic Trading Is a Game-Changer for Financial Markets
- Meet Grant Conner: The Eco-Friendly Gold Supplier Revolutionizing the Jewelry Industry
- MBD Financials: The Revolutionary Platform Redefining How We Harness the Digital Age to Empower Others
French low-cost telecoms operator Iliad SA (ILD.PA) abandoned its attempt to buy T-Mobile US Inc (TMUS.N) on Monday because of resistance from majority owner Deutsche Telekom (DTEGn.DE), becoming the third bidder to walk away from the carrier in three years.
Deutsche Telekom (DTEGn.DE) is preparing for the possibility of keeping its investment in T-Mobile US (TMUS.N) for at least another year as it fears the sole current suitor for the U.S. firm will fail to come through with a sufficiently attractive offer, three people familiar with the matter said.
French low-cost telecom operator Iliad has set a mid-October deadline to decide whether to improve its bid for T-Mobile US or walk away as it faces resistance from seller Deutsche Telekom, several people familiar with the situation said.
French billionaire Xavier Niel was looking at possible deals with phone companies in Europe, sources told Bloomberg.
Subscribe to VCpost newsletter
Most Popular
