Deutsche Telekom Buys Remainder of T-Mobile Czech Unit: Source
February 10, 2014 5:08 PM EST
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.
The logo of Deutsche Telekom at a store in Bonn. (Reuters)
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 the 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.