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Deutsche Telekom AG Buys GTS Central Europe For EUR546 Million-Reuters


Sunday, 10 Nov 2013 01:34pm EST 

Reuters reported that Deutsche Telekom AG said it had bought GTS Central Europe for EUR546 million ($729 million) in a deal which hands the German telecom operator a fibre optic fixed-line and infrastructure business in Eastern Europe. GTS is a telecommunications service provider with network and data centre infrastructure, focused on serving business customers. Deutsche Telekom said it is acquiring GTS from a consortium of international private equity firms, including Columbia Capital, HarbourVest Partners, Innova Capital and M/C Partners. 

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