Salt Mobile SA, the alternative telco, backed by French billionaire Xavier Niel has abandoned plans for an initial public offering.
According to Bloomberg, Salt has chosen not to pursue its IPO, in what is a busy period for European listings. Salt says the company continues to explore all available options and no final decision has been made at this time.
Niel acquired Salt, the former Orange Switzerland, from private equity firm Apax Partners in 2014. The market is dominated by the state owned Swisscom, though Liberty Global is also a significant player through last year’s purchase of Sunrise Communications.
Salt is seen as an innovative player in the Swiss market. Through a partnership with Zattoo it was one of the first TV operators to adopt Apple TV as a delivery platform.
