It’s no secret that T-Mobile and Sprint’s planned merger is going to face a lot of opposition. Not just from competing carriers, but also the government who was less than enthused about the idea itself, let alone it being officially announced and proposed. That being said, it seems that there is a chance that the T-Mobile and Sprint merger might not happen.
According to a recent report from The Wall Street Journal, it seems that French carrier Iliad could be eyeing T-Mobile as well. The company has reportedly placed a bid for T-Mobile last week, although it is unclear if they will be able to raise enough money for it. Their current market cap is at $16 billion, while T-Mobile is sitting at $24 billion.
However money aside, Iliad seems to believe that they are a good fit for T-Mobile. It seems that over in France, Iliad has gained an “Un-carrier” like reputation of their own, thanks to the carrier’s cutthroat rates. Given T-Mobile’s willingness to go against the grain and even pay to make customers switch to their services, it definitely sounds like both companies are a match for each other.
It remains to be seen if T-Mobile’s parent company, Deutsche Telekom, is more interested in just offloading T-Mobile to the highest bidder, or if they’re really hoping to make a mark by merging with Sprint. The former would save the company time and energy from having to convince regulators, but the latter has a good chance of making an even bigger dent in the US carrier industry.
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