The French company announced that it is offering $15 billion in cash for a 56.6% stake in T-Mobile at a price of $33 a share. Iliad valued the remaining 43.4% of T-Mobile at $40.50 a share.
Iliad is known for aggressive pricing in France, charging less for wireless plans than other telecoms in the country according to Reuters.
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TheStreet Ratings team rates AT&T INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate AT&T INC (T) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: