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Another Potential Buyer Backs Away From T-Mobile

Steve KovachOct 13, 2014, 23:04 IST

French telecommunications company Iliad said Monday that it is no longer trying to buy T-Mobile.

This is the second major missed opportunity for T-Mobile to sell itself. Spring, with the backing of its majority owner Softbank, planned to buy T-Mobile this summer, but the deal fell through because Softbank was concerned the deal wouldn't be approved by U.S. regulators.

More to come...