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Deutsche Telekom, Tele2 to Sell T-Mobile Netherlands for $5.1B Euro

Deutsche Telekom, Tele2 to Sell T-Mobile Netherlands for $5.1B Euro Image Credit: Deutsche Telekom

Deutsche Telekom and Tele2 have entered into an agreement to sell T-Mobile Netherlands to WP/AP Telecom Holdings for an Enterprise Value of 5.1 billion euros.

As a consortium with long-standing experience and differentiated strategic value add in the telecommunications sector, Apax and Warburg Pincus will support T-Mobile NL and its management team in the next stage of their growth strategy.

 

The transaction follows the successful turnaround of T-Mobile NL by Deutsche Telekom and the transformation of the company into one of the fastest growing and leading European mobile network operators. Since 2017, T-Mobile NL has significantly strengthened its mobile market share from 25 percent to 42 percent in 2020 (based on number of mobile SIMs), becoming the leading mobile operator in the Netherlands. T-Mobile NL successfully entered the fixed market with the acquisition of Thuis in 2016 and further reinforced its market position by forming a strategic partnership with Open Dutch Fiber in 2021. Today, T-Mobile NL is a full FMC player and the fastest grower in the fixed market serving around 700,000 broadband customers as end of second quarter of 2021.

Apax and Warburg Pincus are leading private equity firms with a strong track record in the communication services and broader TMT sector. As joint owners of Inmarsat, both have a track record of partnering within the telecommunications space. Other relevant precedent investments include: Orange Switzerland, Ziggo, TDC, Wind Telecom and Community Fibre. Leveraging its extensive experience, the Consortium is fully committed to supporting T-Mobile NL on its growth path.

Thorsten Langheim, Board member for USA and Group Development Deutsche Telekom AG
Through our dedicated value creation plan and T-Mobile NL’s unique challenger mind-set, we have successfully transformed T-Mobile NL into the fastest growing MNO in Europe.

Søren Abildgaard, Chief Executive Officer of T-Mobile NL
We have come a long way to reposition T-Mobile NL as a winning player by driving innovation and change within the market, being the first mobile operator to offer Unlimited and nationwide 5G in the Netherlands. 

Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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