Deutsche Telekom fully acquires Czech subsidiary

Deutsche Telekom has confirmed that it will acquire the 39.23% stake that it doesn’t yet own in T-Mobile Czech Republic for €800 million.

The deal is a strategic step towards providing pan-European “integrated” fixed and mobile services. In addition, it provides a strong inroad into Central & Eastern Europe.

In November, Deutsche Telekom spent €546 million on acquiring GTS Central Europe, which operates a fibre optic network across five CEE countries: Czech Republic, Hungary, Poland, Romania and Slovakia.

Claudia Nemat, a Deutsche Telekom board member, said: “The acquisition of the remaining shares is a natural step towards optimising our portfolio and supports our transformation into the leading integrated Pan-European operator.”

“The Czech Republic is an important market for Deutsche Telekom due to its size and structure”, she added. “With the on-going integration of T-Systems Czech Republic and the planned combination with the Czech operations of GTS Group, T-Mobile Czech Republic is on a clear strategic path to enhance its fixed-line capabilities and foster its market position in B2B.”

The shares are currently controlled by private equity firm Mid Europa Partners. T-Mobile Czech Republic is already consolidated by Deutsche Telekom so the deal does not require regulatory approval.


Sign-up to our weekly newsletter

Keep up-to-date with all the latest news, articles, event and product updates posted on Developing Telecoms.
Subscribe to our FREE weekly email newsletters for the latest telecom info in developing and emerging markets globally.
Sending occasional e-mail from 3rd parties about industry white papers, online and live events relevant to subscribers helps us fund this website and free weekly newsletter. We never sell your personal data. Click here to view our privacy policy.