Orange and T-Mobile - the co-owners of UK broadband provider EE - could be considering stock market floatation for the 4G specialist.
The mobile broadband firms set up EE - initially known as Everything Everywhere - as a joint venture in 2010, and each has a 50 per cent stake in the company.
However, EE could move from being a privately-owned to public organisation, with Orange claiming such a move is possible "after the summer".
Gervais Pellissier, Chief Executive Officer Delegate at Orange, noted that an initial public offering (IPO) is being considered.
Such a move has been mooted previously, with the idea proposed during a strategic review in early 2013.
As reported by Bloomberg, Mr Pellissier suggested the evolving nature of the broadband market could force EE to act.
He said that if EE's rivals offer broadband, TV and voice bundles, it may need to do likewise - changing the outlook for an IPO.
"We will decide when we return from vacation," Mr Pellissier added.