Nov 22 (Reuters) - Warburg Pincus and Apax Partners are

exploring an initial public offering of its Dutch telecom

business Odido, which could be valued at as much as 7 billion

euros ($7.3 billion), Bloomberg News reported on Friday, citing

two people familiar with the matter.

The private equity groups have invited potential advisers to

interview for roles in a potential IPO in Amsterdam next year,

the report said, adding that a sale is also an option.

Warburg Pincus and Apax Partners bought T-Mobile Netherlands

from Swedish telecom operator Tele2 and Germany's Deutsche

Telekom 2021 for an enterprise value of 5.1 billion euros,

rebranding the company as Odido.

Apax Partners declined to comment, while Warburg Pincus and

Odido did not immediately respond to Reuters requests for

comment.

($1 = 0.9593 euros)