France's Iliad makes an unexpected play for T-Mobile US

Sprint has new competition in its push to buy T-Mobile US. France's Iliad on Thursday entered a cash bid of $15 billion to acquire a 56.6% stake in the carrier, but T-Mobile owner Deutsche Telekom reportedly valued the $33-a-share offer inferior to Sprint's $40-a-share pitch. Analysts suggested that Iliad could win T-Mobile with a slightly lower offer due to Sprint's regulatory issues, but they also said the move could elicit bids from other suitors. In France, Illiad's Xavier Niel has the reputation of a market disruptor.

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