Apax Partners and Warburg Pincus completed the acquisition of T-Mobile Netherlands from Deutsche Telekom and Tele2 for €5.1bn.

Private equity firms Apax Partners and Warburg Pincus completed the acquisition of T-Mobile Netherlands, a European telecommunications operator, from Deutsche Telekom, a German telecommunications company, and Tele2, a European telecommunications operator headquartered in the Kista Science City, Stockholm, for €5.1bn ($6bn). "Today is a big day for us. We are excited about the path ahead and to work together with Apax and Warburg Pincus over the coming years. We are looking forward to continuing our strategy in the Dutch market, offering superior value to our customers. As such, we remain steadfast in our promise to deliver the best possible customer experience, powered by the best mobile network in the world. We have come a long way and repositioned T-Mobile as a winning player by driving innovation and change within the market, being the first mobile operator to offer unlimited and nationwide 5G," Søren Abildgaard, T-Mobile Netherlands CEO.