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

Reuters

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.

Deutsche Telekom (Bonn, Germany) is acquiring the 40-percent stake in T-Mobile Czech Republic (Prague, Czech Republic) from investors Mid Europa Partners (MEP) and Al Ain, the source said on 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.

(Reporting by Peter Maushagen, Writing by Andreas Cremer; Editing by Philipp Halstrick and Louise Heavens)

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