Deutsche Telekom Buys Remainder of T-Mobile Czech Unit: Source

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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.

REUTERS/WOLFGANG RATTAY
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.

(Photo: REUTERS/WOLFGANG RATTAY / )
The logo of Deutsche Telekom at a store in Bonn. (Reuters)
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