- Deutsche Telekom (OTCQX:DTEGY) is "preparing for the possibility" of keeping its T-Mobile USA (TMUS +1.4%) stake for at least another year if Iliad (OTCPK:ILIAF) fails to sufficiently improve its offer, sources tell Reuters.
- Iliad has reportedly set a mid-October deadline to improve its T-Mobile bid, after an initial $33/share offer for a 56.6% stake was rejected. Multiple reports have stated DT has its concerns about selling to to Iliad, especially given T-Mobile (unlike many of DT's European assets) is showing healthy growth.
- T-Mobile has dipped on the Reuters report, but is closing higher. Earlier today, Pac Crest argued T-Mobile should reject any offer below $40/share, given its recent performance. The firm added its retail checks indicated a pickup in switching activity (to T-Mobile) and termination fee reimbursements following the iPhone 6 launch.