French telecom Iliad abandons plans to acquire T-Mobile

Shawn Knight

TechSpot Staff
Staff member
Ownership of the nation's fourth largest wireless carrier won't be changing hands anytime soon as French telecommunications company Iliad has abandoned its pursuit of T-Mobile.

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"Most would agree that Deutsche Telekom has been looking to offload T-Mobile for quite some time but given the company’s renewed momentum and subscriber growth under outspoken CEO John Legere, that may no longer be the case."

I have my hopes up in thinking that the people in charge would see this turn around and figure out that price gouging is less effective than pricing something competitively, but I doubt it.