Apax agreed to acquire Warburg Pincus’s holding in Dutch telecom operator Odido.
Why it matters: The deal will change the ownership structure of one of the Netherlands’ major telecom operators. The price, stake size and post-closing ownership percentages remain undisclosed.
- Odido said the agreement was reached on October 16, 2026.
- The announcement describes Apax as acquiring the shareholding held by co-investor Warburg Pincus; it does not disclose the stake size.
- Odido serves approximately 8 million consumer and business customers in the Netherlands.
- Closing remains subject to regulatory approvals and consultation with employee representatives.
Funds advised by Apax Partners agreed to acquire the shareholding in Odido Netherlands Holding B.V. held by co-investor Warburg Pincus, according to Odido’s announcement.
The announcement describes the transaction as the purchase of Warburg Pincus’s holding, indicating that Warburg’s entire holding is being sold rather than an unspecified portion of it. It does not disclose the holding’s size, the purchase price or an expected closing date.
Odido said the agreement was reached on October 16, 2026. Completion remains subject to regulatory approvals and consultation with employee representatives. Independent Dutch technology publication Tweakers reported the deal as Apax taking over Odido, but the available materials do not establish Apax’s current or post-closing ownership percentage.
Apax and Warburg Pincus agreed to acquire the former T-Mobile Netherlands operation from Deutsche Telekom and Tele2 in 2021. The transaction closed on March 31, 2022, at an enterprise value of €5.1 billion, according to Odido.
Odido provides mobile, fixed-line, broadband and television services through the Odido, Ben, Simpel and Tele2 Thuis brands.
By the numbers
- 8 million - Approximate number of Odido’s consumer and business customers in the Netherlands
- €5.1 billion - Enterprise value of the 2022 acquisition of the former T-Mobile Netherlands business
- March 31, 2022 - Closing date of Apax and Warburg Pincus’s acquisition
Yes, but: The available materials do not confirm Apax’s current or post-closing ownership percentage.
What's next: The transaction must receive regulatory approvals and undergo consultation with employee representatives. No closing date was disclosed.