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5G Evolution

5G Evolution

Deutsche Telekom and Tele2 complete sale of T-Mobile Netherlands

Via Deutsche Telekom

Apr 1, 2022

Deutsche Telekom AG and Tele2 AB have closed the sale of T-Mobile Netherlands on March 31, 2022. A consortium of private equity funds advised by Apax Partners LLP and Warburg Pincus LLC has acquired the company based on an agreed enterprise value of EUR 5.1 billion. This represents approximately 8.7 times adjusted EBITDA AL of T-Mobile Netherlands over the 12 months ending June 30, 2021 before the sale agreement was signed on September 6, 2021.

T-Mobile Netherlands will be consolidated in the Deutsche Telekom Group for the last time for the first quarter of 2022.

Deutsche Telekom will generate a net cash inflow of around EUR 4.0 billion from the transaction.

Important Information:
This media information contains forward-looking statements that reflect the current views of Deutsche Telekom management with respect to future events. They are generally identified by the words “expect,” “anticipate,” “believe,” “intend,” “estimate,” “aim,” “goal,” “plan,” “will,” “seek,” “outlook,” or similar expressions and include generally any information that relates to expectations or targets for revenue, adjusted EBITDA AL, or other performance measures. Forward-looking statements are based on current plans, estimates, and projections, and should therefore be considered with caution. Such statements are subject to risks and uncertainties, most of which are difficult to predict and are generally beyond Deutsche Telekom’s control. They include, for instance, the progress of Deutsche Telekom’s staff-related restructuring measures and the impact of other significant strategic or business initiatives, including acquisitions, dispositions, and business combinations. In addition, movements in exchange rates and interest rates, regulatory rulings, stronger than expected competition, technological change, litigation and regulatory developments, among other factors, may have a material adverse effect on costs and revenue development. If these or other risks and uncertainties materialize, or if the assumptions underlying any of these statements prove incorrect, Deutsche Telekom’s actual results may be materially different from those expressed or implied by such statements. Deutsche Telekom can offer no assurance that its expectations or targets will be achieved. Without prejudice to existing obligations under capital market law, Deutsche Telekom does not assume any obligation to update forward-looking statements to account for new information or future events or anything else. In addition to figures prepared in accordance with IFRS, Deutsche Telekom presents alternative performance measures, e.g., EBITDA, EBITDA AL, adjusted EBITDA, adjusted EBITDA AL, adjusted EBITDA margin AL, Core EBITDA, adjusted EBIT, EBIT margin, adjusted net profit/loss, adjusted earnings per share, free cash flow, free cash flow AL, gross debt, and net debt. These measures should be considered in addition to, but not as a substitute for, the information prepared in accordance with IFRS. Alternative performance measures are not subject to IFRS or any other generally accepted accounting principles. Other companies may define these terms in different ways.

Related Topics
  • 5G Evolution,
  • Deutsche Telekom,
  • Europe,
  • Telco & CSP,
  • Tele2,
  • Tracker

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This content extract was originally sourced from an external website (Deutsche Telekom) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

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