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Iliad Said to Prepare Offer for Bigger Stake in T-Mobile

Iliad SA is planning to bid for a bigger stake in Deutsche Telekom AG’s U.S. unit than it sought in July, as the French telecom carrier approaches a self-imposed deadline to reach a deal, people familiar with the matter said.

Iliad, which originally proposed buying 56.6 percent of T-Mobile US Inc., still intends to offer about $33 for each T-Mobile share for a significantly larger stake, said the people, asking not to be identified discussing a private matter. Controlled by billionaire entrepreneur Xavier Niel, Iliad has set a deadline of this month for reaching a preliminary agreement with Deutsche Telekom, the people said.