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The move would value the company at around €7 billion
The joint owners of Dutch telco Odido, Apax Partners and Warburg Pincus, are reportedly looking to take the company public, according to reports.
Sources say the move would value the business at around €7 billion, with the initial public offering (IPO) potentially raising €1.1 billion through the share sale.
The launch would come almost a year after the telco’s owners shelved a previous plan for an IPO.
Odido has around 8 million mobile subscribers. It also has around 1 million fixed broadband customers, which it serves via wholesale deals with Open Dutch Fiber, Delta Fiber, Glaspoort, and KPN.
Apax and Warburg were reportedly exploring launching an IPO for Odido in January 2025, having hired Barclays Plc, Goldman Sachs Group Inc. and Morgan Stanley to lead the process. However, this plan ultimately fell through due to market chaos related to US president Donald Trump’s tariff implementation.
Now, the global economic environment has somewhat settled, leading Apax and Warburg to reconsider the IPO, which could be initiated as early as this month.
However, anonymous sources with knowledge of the matter speaking to Bloomberg emphasise that no decision has yet been made and the IPO may not proceed.
Odido (then T-Mobile Netherlands) was acquired by investment firms Apax and Warburg for €5.1 billion in 2021. The company was rebranded as Odido in 2023.
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Image source: Odido
