Deutsche Telekom and Tele2 are selling T-Mobile Netherlands to WP/AP Telecom Holdings, a consortium jointly controlled by Apax and Warburg Pincus.

A strategic review of T-Mobile NL was launched by Deutsche Telekom in May. The deal, worth an enterprise value of €5.1 billion, marks the completion of the review.

Deutsche Telekom believes that it’s leaving T-Mobile NL in safe hands to “a consortium with long-standing experience and differentiated strategic value add in...