French telecom Iliad making a surprise bid for T-Mobile US

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In a bid that's come way out of left field, French telecommunications firm Iliad SA is also offering to buy T-Mobile US. T-Mobile, itself a subsidiary of T-Mobile Germany, has been engaged in long-running negotiations with US rival Sprint. The bid from Iliad comes as a surprise, not just for their previously unexpressed interest, but that Iliad is a smaller company that T-Mobile in both terms of subscribers and value.

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