Iliad, the French telecom giant that has already made one move to try and buy T-Mobile, is preparing another bid for the Bellevue-based wireless carrier, Bloomberg reported today. Iliad plans to offer about $33 for each T-Mobile share, which is the same as its previous offer. It will be seeking a larger share of the company than the 56.6 percent it asked for in its first offer.
Deutsche Telekom, T-Mobile’s parent company, holds a little more than 66 percent of T-Mobile’s shares, and reportedly considers $35 per share to be a more appropriate sale price. T-Mobile reportedly rejected Iliad’s previous $15 billion offer because it wasn’t attractive enough.
Right now, time is running out for Iliad to make a deal. The company has self-imposed an October deadline to close a preliminary deal with Deutsche Telekom for the sale. All of this comes after a deal between T-Mobile and Sprint fell apart earlier this year.