nuOct 16, 2026, 10:01

Apax becomes sole owner of Odido in multi-billion deal

Private equity firm Apax Partners is acquiring full ownership of the Dutch telecommunications company Odido in a deal reportedly valued at 6.5 billion euros. The transaction is pending regulatory approval and follows the firm's previous joint purchase of the company in 2021.

Investment firm Apax Partners is set to become the sole owner of the Dutch telecommunications company Odido. According to reports from the Financial Times, the transaction values the company at approximately 6.5 billion euros, though official financial details remain undisclosed by the involved parties. The acquisition still requires regulatory approval before it can be finalized.

Odido, which operates the mobile brands Ben and Simpel, was previously jointly owned by Apax and another investor after they purchased T-Mobile Netherlands from Deutsche Telekom and Tele2 for 5.1 billion euros in 2021. The firm rebranded as Odido in 2023. Recent discussions regarding an initial public offering were reportedly abandoned due to market volatility, and the company also faced challenges earlier this year following a significant cyberattack that exposed the personal data of millions of its customers.

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Based on reporting by nu. Translated and condensed by LocalHeadlines.

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