Iliad Unlikely to Offer Sufficient Price for T-Mobile: Pac Crest
2014-09-26 04:20:36.39 GMT
By Sarah Gill
Sept. 26 (Bloomberg) -- $40 is lowest price T-Mobile should
consider as co. is gaining shr, improving adj. Ebitda margin:
Pacific Crest analyst Michael Bowen in note.
* Iliad may be unable to raise enough capital
* T-Mobile benefiting from people switching after the iPhone 6
introduction and increased early termination fee
reimbursements
* Rates T-Mobile outperform, PT $40
* NOTE: TMUS 16 buys, 11 holds, 1 sell, avg. PT $36.90:
Bloomberg data
* Related stories:
* Niel’s Iliad Said to Face Hurdles in T-Mobile Bid
* Iliad Sets Mid-Oct. Deadline for T-Mobile Bid: Reuters
* T-Mobile Deal W/ Dish May Be More Compelling Vs Iliad:
Jefferies
* Iliad Said in Talks With Buyout Firms on New T-Mobile US
Bid
* NOTE: In July Iliad Offered $15b in Cash for 56.6% of T-
Mobile at $33/Shr
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Sarah Gill in sydney at +61-2-9777-8641 or
sgill23@bloomberg.net
To contact the editor responsible for this story:
Jan Dahinten at +65-6212-1164 or
jdahinten@bloomberg.net
2014-09-26 04:20:36.39 GMT
By Sarah Gill
Sept. 26 (Bloomberg) -- $40 is lowest price T-Mobile should
consider as co. is gaining shr, improving adj. Ebitda margin:
Pacific Crest analyst Michael Bowen in note.
* Iliad may be unable to raise enough capital
* T-Mobile benefiting from people switching after the iPhone 6
introduction and increased early termination fee
reimbursements
* Rates T-Mobile outperform, PT $40
* NOTE: TMUS 16 buys, 11 holds, 1 sell, avg. PT $36.90:
Bloomberg data
* Related stories:
* Niel’s Iliad Said to Face Hurdles in T-Mobile Bid
* Iliad Sets Mid-Oct. Deadline for T-Mobile Bid: Reuters
* T-Mobile Deal W/ Dish May Be More Compelling Vs Iliad:
Jefferies
* Iliad Said in Talks With Buyout Firms on New T-Mobile US
Bid
* NOTE: In July Iliad Offered $15b in Cash for 56.6% of T-
Mobile at $33/Shr
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Sarah Gill in sydney at +61-2-9777-8641 or
sgill23@bloomberg.net
To contact the editor responsible for this story:
Jan Dahinten at +65-6212-1164 or
jdahinten@bloomberg.net