Odido, the Netherlands’ third-largest telecom provider, will delay its initial public offering (IPO) until at least the autumn, according to sources familiar with the matter. The decision comes after preparations for a summer debut and discussions with investors.

The owners, Apax and Warburg Pincus, believe that postponing the IPO will allow Odido to further reduce its debt and enhance profitability. This strategy would enable them to sell a larger portion of the company without the need to issue a significant number of new shares.

Last year, Odido recorded a 2% increase in revenue, reaching €2.3 billion. Its adjusted EBITDA stood at €726 million. However, the company experienced net losses of €96 million, primarily due to interest payments.

The private equity firms Apax and Warburg Pincus acquired Odido, formerly known as T-Mobile Netherlands, in 2022 for €5.1 billion. A successful IPO could potentially value the company at €7 billion. Bloomberg previously reported that the owners are aiming to raise €1 billion through the listing.

Market volatility, such as that caused by US import tariffs, has had a minimal impact on Odido, which operates exclusively within the Netherlands. Similarly, shares of its competitor, KPN, have remained stable.

The Amsterdam exchange has witnessed limited IPO activity this year, with only Ferrari Group making its debut thus far. Unilever is anticipated to list its ice cream division later in 2025. Both Apax and Warburg Pincus have declined to comment on the matter.