T-Mobile CFO Calls Iliad Offer 'Inadequate'

T-Mobile US' Chief Financial Officer Braxton Carter called a $15 billion takeover proposal from French wireless company Iliad "inadequate," but hinted that his company may be open to a higher offer.

Carter said that Iliad's late-July offer to buy 57% of T-Mobile US was "very flattering" but "a very inadequate value proposition." But, he added, "I think rarely people come with their best bid to start."