The nation's third largest wireless carrier changes direction and possibly its CEO.
French telecom provider says T-Mobile and parent company Deutsche Telekom refused to entertain its new offer.
Despite criticism from the FCC, it seems Sprint may be pushing ahead with a possible T-Mobile merger.
Iliad has lined up new financial backers for another run at the Uncarrier, according to Bloomberg.
The French company doesn't want to pay more on its own, but is rounding up allies to help persuade Deutsche Telekom to sell its controlling interest in the US carrier.
The US wireless carrier reportedly rejects Iliad's request for financial information because its proposal for a controlling stake in the company is too low.
The deal would combine the No. 3 and No. 4 carriers in the nation, and could be worth more than $20 billion.
Sprint is near an agreement to buy its wireless telecom rival for $40 a share, Bloomberg reports.
[commentary] It's clear the powers that be at Sprint aren't willing to give up on a bid for T-Mobile. But what are the company's chances of making headway in convincing regulators to accept a deal?
T-Mobile's majority owner has already rejected one offer from French carrier Iliad and watched its deal with Sprint fall apart.