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Deutsche Telekom buys remainder of T-Mobile Czech unit: source
February 9, 2014 / 5:25 PM / 4 years ago

Deutsche Telekom buys remainder of T-Mobile Czech unit: source

The logo of Deutsche Telekom is seen at a store in Bonn, April 3, 2013. REUTERS/Wolfgang Rattay

BERLIN (Reuters) - Deutsche Telekom has bought the remaining parts of its T-Mobile Czech Republic division for about 800 million euros ($1.09 billion) to take full control of the unit, a source with knowledge of the matter said on Sunday.

Deutsche Telekom is acquiring the 40-percent stake in T-Mobile Czech Republic from investors Mid Europa Partners (MEP) and Al Ain, the source said on condition that he not be identified because the matter is confidential, confirming a report in Germany’s Manager Magazin Online.

Deutsche Telekom declined to comment.

The German telecom operator plans to offer an integrated structure of mobile-phone networks and landlines across Europe.

Last November, Deutsche Telekom purchased GTS Central Europe for 546 million euros in a deal that earned the Bonn-based company a fibre optic fixed-line and infrastructure business in Eastern Europe.

Reporting by Peter Maushagen, Writing by Andreas Cremer; Editing by Philipp Halstrick and Louise Heavens

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