NEW YORK (AP) — French telecom company Iliad SA says it has dropped its bid to buy a majority stake in wireless carrier T-Mobile US.

Iliad, which is smaller than T-Mobile, made a surprise offer of $15 billion for a 57 percent stake in T-Mobile in July. At the time, Sprint Corp. was also interested in buying T-Mobile, but Sprint later dropped its pursuit after concluding it would have been too difficult to convince regulators to approve the deal.

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