ODIDO takes majority stake in TELE2 NL
Context
T-Mobile NL has announced a definitive agreement to acquire Tele2 NL, orchestrating a major, market-consolidating corporate buyout within the Dutch telecommunications sector. The transaction was structured with the financial advisory backing of Credit Suisse and J.P. Morgan, alongside premium legal counsel provided by De Brauw, with completion scheduled for the second half of 2018 subject to customary regulatory approvals. Under the terms of the corporate combination, the two organizations have established a comprehensive joint integration roadmap designed to ensure a seamless alignment of their respective asset portfolios and operations. The acquisition thesis is fundamentally rooted in creating a powerful, scale-driven challenger platform capable of aggressively disrupting the established duopoly of the two dominant incumbent operators in the Netherlands. By absorbing Tele2 NL, T-Mobile NL executes a major expansion of its nationwide infrastructure, successfully blending both companies' physical assets and engineering capabilities. The strategic rationale focuses heavily on capturing deep operational and financial synergies, creating an extensive unified distribution network, and maximizing their combined online market presence.
TELE2 NL, which reported an EBITDA margin of in 2017, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).
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Target
Tele2 NL is a Dutch telecommunications company that offers a range of mobile and fixed-line telecommunications services. Founded in 1997, the company has established a strong reputation for its excellence in providing high-quality services to its customers. With its extensive distribution network and online presence, Tele2 NL has become a major player in the Dutch telecommunications market. The company offers a variety of plans and services, including mobile phone, television, and internet packages, designed to meet the needs of consumers and businesses. Tele2 NL focuses on innovation and the implementation of new technologies to enhance its customers' experience and strengthen its market position.
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REFERENCES
Revenue range: 450M - 900M EUR
EBITDA range: 25M - 50M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: tele2 nl
Acquirer: odido