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French Billionaire Entrepreneur Starts Small and Cuts Costs




On Mon., October 13, 2014, Iliad dropped its bid for T-Mobile, after lack of interest from some of the T-Mobile board and from the majority owner, Deutsche Telekom AG.



(p. B1) Iliad wants to improve T-Mobile US's cost structure by applying its own ultraslim cost base, under which it has kept costs to a minimum in everything from IT services to back office to equipment purchases. Iliad estimates it will be able to save about $2 billion annually by cutting out costs such as sending paper bills, and savings on equipment and IT systems, Mr. Niel said.


. . .


(p. B4) . . . before Mr. Niel can execute his American dream, Iliad has to win over T-Mobile US's board, which could prove a formidable challenge.


. . .


He says he is sticking to the same principle that has guided his ascent from a teenage computer programmer in a working class Paris suburb to one of France's richest men.

"I always follow the same idea: Start small and disrupt to create something big," he said.



For the full story, see:

RUTH BENDER. "Will This Billionaire Bring $3-a-Month Phone Plans to U.S.?" The Wall Street Journal (Sat., Aug. 2, 2014): B1 & B4.

(Note: ellipses added.)

(Note: the online version of the story says it was updated on Aug. 4, 2014.)






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