3 Firms Shape Apax, Warburg's €5B Dutch Telecom Co. Buy

By Emma Whitford (September 7, 2021, 9:45 PM EDT) -- Apax Partners LLP and Warburg Pincus LLC plan to buy T-Mobile Netherlands from Deutsche Telekom AG and Sweden's Tele2 AB through a deal that sets the Dutch telecom company's equity value at €5.1 billion ($6 billion), the firms said Tuesday.

Deutsche Telekom anticipates net cash proceeds of €3.8 billion, the German telecommunications giant said, taking into account proceeds to Tele2, which owns a 25% stake in T-Mobile Netherlands, as well as other debt.

The private equity-backed deal is subject to regulatory approvals, and a projected closing date was not immediately available. Freshfields Bruckhaus Deringer LLP and Simpson Thacher & Bartlett LLP...

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