There may be a private equity role in the prospective takeover of mobile communications carrier T-Mobile USA. The telecom company has been on the block, though the takeover prospects took a hit this summer, when rival Sprint Corp. pulled out of negotiations, citing the prospects of regulatory opposition to further consolidation of nationwide mobile carriers. There's still an offer on the table, though, as France's Iliad SA popped up with a bid this summer. It was a somewhat surprising development, as T-Mobile is worth about twice Iliad's market value. T-Mobile's majority owner rejected the bid, and now talks of partnering on a takeover are ripe.
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