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