French telecoms company Iliad has lined up financing for its $15 billion bid for 56.6 percent of T-Mobile US from BNP Paribas and HSBC, three people familiar with the matter said on Friday.Lazard is advising Iliad on the potential transaction, which was announced on Thursday and sets up a potential bidding war for the U.S. carrier.Iliad, which is majority owned by billionaire founder Xavier Niel, saw its shares down 7 percent in morning trade as investors reacted to the surprise bid that would take the French company into the world's second-largest mobile market after China.Iliad said in a statement on Thursday that there can be no certainty that its offer would be accepted.
Shares of TMUS traded higher by 6.46% or $2.0/share to $32.94. In the past year, the shares have traded as low as $22.95 and as high as $35.50. On average, 4138450 shares of TMUS exchange hands on a given day and today's volume is recorded at 29269876.
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