Deutsche Telekom and Tele2 have closed the sale of T-Mobile Netherlands on March 31, 2022.
A consortium of private equity funds advised by Apax Partners and Warburg Pincus has acquired the company based on an agreed enterprise value of EUR 5.1 billion.
This represents approximately 8.7 times adjusted EBITDA AL of T-Mobile Netherlands over the 12 months ending June 30, 2021 before the sale agreement was signed on September 6, 2021. T-Mobile Netherlands will be consolidated in the Deutsche Telekom Group for the last time for the first quarter of 2022. Deutsche Telekom will generate a net cash inflow of around EUR 4.0 billion from the transaction.
