On August 1, 2014, Xavier Niel's Iliad SA publicly announced a US $ 16 billion all-cash counter-bid to acquire a 56 % stake in T-Mobile US, which would be funded using equity and debt.
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These cash counters do not examine each note or coin separately but work by using finely calibrated loadcells to assess a number of notes or coins at a time, and using a constantly updated, stored average weight to compute the number of pieces it has been presented with.
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