APAX PARTNERS & WARBURG PINCUS take majority stake in ODIDO

A tier-one private equity consortium composed of Apax Partners LLP and Warburg Pincus LLC has entered into a definitive agreement to acquire 100% of T-Mobile Netherlands Holding B.V. from Deutsche Telekom AG and Tele2 AB. The transaction perimeter encompasses T-Mobile's highly successful multi-brand portfolio, which includes the T-Mobile, Tele2, Ben, and Simpel commercial brands. Facilitated by elite financial advice from Credit Suisse and Liontree, alongside premium legal counsel from Freshfields Bruckhaus Deringer and Simpson Thacher & Bartlett, the transaction remains subject to customary closing conditions, regulatory approvals, and mandatory employee representative consultations. The investment thesis represents a classic large-scale, sponsor-led TMT platform buyout, meticulously designed to transition the company into a fully independent Dutch corporate entity. Under its current executive team, led by CEO Søren Abildgaard, T-Mobile has established absolute mobile network leadership in the Netherlands, notably pioneering the country’s first unlimited and nationwide 5G offering while simultaneously scaling into the fastest-growing operator in the fixed broadband market. Drawing upon both firms' extensive global track records in digital infrastructure and communications services—including previous joint-venture deployments like Inmarsat—the consortium will inject substantial institutional growth capital. The upcoming corporate roadmap prioritizes massive capital expenditure into next-generation networks, the rapid expansion of its fiber-to-the-home (FTTH) customer base, and the commercial rollout of innovative digital services. This institutional intervention is engineered to preserve the company's network supremacy, optimize service quality, and fortify its competitive positioning as a market-leading convergent powerhouse.

As a reminder, Odido had previously acquired Tele2 Nl in 2017 as part of its expansion strategy.