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Deutsche Telekom buys up rest of T-Mobile Czech Republic

2014-02-10 11:03:00| Telecompaper Headlines

(Telecompaper) Deutsche Telekom has agreed to buy the remaining 39.23 percent in T-Mobile Czech Republic it does not yet own for EUR 0.8 billion. The minority stake is held by a consortium of investors led by funds managed or advised by private equity group Mid Europa Partners. Claudia Nemat, DT board member in charge of European operations, said the acquisition is "a natural step towards optimizing our portfolio", and the Czech Republic is important to the company due to its size and structure. The buy-out follows the integration of T-Systems into the T-Mobile operations in Czech Republic and the recent acquisition of Central European operator GTS. The deal will also increase profits at the Czech unit, as it no longer needs to pay dividends to the minority shareholders. T-Mobile Czech Republic is already fully consolidated by Deutsche Telekom, so the transaction will have no impact on group revenue and EBITDA. No regulatory approval is required to complete the acquisition.

Tags: rest republic deutsche czech

Deutsche Telekom buys remainder of T-Mobile Czech unit: Source

2014-02-10 09:02:14| Telecom - Topix.net

Deutsche Telekom is acquiring the 40-percent stake in T-Mobile Czech Republic from investors Mid Europa Partners 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.

Tags: source unit deutsche czech

Deutsche Telekom buys remaining T-Mobile Czech stake

2014-02-10 01:00:00| Total Telecom industry news

800 million deal part of German incumbent's bid to strengthen European footprint.

Tags: remaining deutsche czech telekom

Germany considers sale of Deutsche Telekom shares

2014-02-05 21:22:45| Telecom - Topix.net

The German government is considering selling shares in Deutsche Telekom to cash in on the stock's 45-percent rise over the past year, two people familiar with the matter said.

Tags: sale germany deutsche shares