Quelle surprise! T-Mobile has reportedly rejected French operator Iliad's surprise initial bid to take control of the US operator.
Iliad made a surprise $15 billion bid for T-Mobile last Thursday. Given the bigger market cap of T-Mobile, the bid always seemed unlikely to get much traction. (See Iliad Offers $15B for a Stake in T-Mobile and Eurobites: Iliad Slumps on T-Mobile Bidding Battle Fears.)
— Dan Jones, Mobile Editor, Light Reading