Navigate this market better. Subscribe for FREE stock alerts and information.

Friday, August 29, 2014

CORRECTED-Iliad will hit sales, mobile targets early - CFO, (NYSE: TMUS)

French low-cost telecoms carrier Iliad is ahead of schedule on its 2015 goal to reach annual sales of 4 billion euros ($5.3 billion) and will probably have 15 percent mobile market share by the end of this year, its finance chief said."We are ahead of the goals in our strategic plan," Chief Financial Officer Thomas Reynaud said on Friday in an interview after second-quarter results.He added that Iliad's $15 billion bid for T-Mobile US made in early August remained "pertinent", but failed to comment further on the potential deal.Deutsche Telekom, the parent company of the fourth-place mobile operator in the United States, has dismissed Iliad's offer as too low. Iliad may still raise its $33 per share bid for 56.6 percent of T-Mobile US with the help of partners, sources earlier told Reuters.

Shares of TMUS traded higher by 0.8% or $0.24/share to $30.08. In the past year, the shares have traded as low as $23.20 and as high as $35.50. On average, 4608060 shares of TMUS exchange hands on a given day and today's volume is recorded at 3074539.