Finnish operator DNA is considering an IPO as part of a wider strategic assessment of its business.
The company, which has 3.7 million customers across both fixed and mobile, registered flat year-on-year revenues of €828.8 million in 2015.
Earnings were up 12.6 percent to €227.7 million, while net profits rose over 300 percent to €50 million.
The company, which competes with TeliaSonera, Elisa, Finnet and HTV, is Finland’s number three player.
It was founded in 1999 when three mobile communication co-operative companies were formed to expand the business operations of the Finnet Group.
These morphed into DNA, which commericially launched in 2001.
Today, its largest shareholders are holding companies Finda and PHP.
Last month, the company unveiled a new broadband network that promises 1GBps speeds.
In March, it became the first operator to launch VoLTE and VoWi-Fi services in Finland.
Jarmo Leino, Chairman of the Board at DNA, said: “DNA has seen a steady growth in recent years and recorded the best operating result in its history last year.
“We want to ensure this positive development also in the future.
“Therefore, the company’s Board of Directors has decided to initiate a strategic assessment which includes a potential listing of DNA as an option.
“However, the final decision concerning the company’s potential listing will be made later, depending on the stock market situation.”