Report: French firm bidding for Bellevue-based T-Mobile US

      NEW YORK (AP) French telecom company Iliad has made a bid for T-Mobile US, the country's fourth-largest cellphone company, according to a published report.

      The Wall Street Journal says Iliad is trying to snap up T-Mobile before it's sold to Sprint, the No. 3 U.S. cellphone carrier. That deal has been rumored for a long time, but has not been announced.

      Analysts believe U.S. regulators are likely to block the T-Mobile/Sprint pairing due to concerns that it would reduce competition.

      Iliad is much smaller than T-Mobile US, and the Journal said it was bidding only $16 billion. T-Mobile US's market capitalization was $25 billion before the stock shot up 4.3 percent in midday trading, after the paper's report.

      Iliad and T-Mobile US had no immediate comment.

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