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Deutsche Telekom acquires remainder of T-Mobile Czech Republic

Deutsche Telekom has acquired the remaining 39.23 stake in its Czech subsidiary for €800m

German operator group Deutsche Telekom has acquired the 39.23 per cent stake in its Czech subsidiary that it did not already own for €800m.

The group said it was a “natural step” to acquire the remaining stake in T-Mobile Czech Republic from a consortium of investors led by private equity group Mid Europa Partners, as it looks to position itself as a Pan-European operator.

“The Czech Republic is an important market for Deutsche Telekom due to its size and structure,” said Claudia Nemat, board member for Europe and Technology at Deutsche Telekom.

“With the ongoing 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.”

Deutsche Telekom added that the acquisition gives it simplification of T-Mobile Czech Republic’s capital and governance structure and offers financial benefits. The subsidiary is already fully consolidated by Deutsche Telekom and as such will have no impact on group earnings. The acquisition is not subject to regulatory approvals.

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