Deutsche Telekom spends $1.1B on remaining shares in Czech business

As part of its ongoing quest to beef up its central and eastern European operations, Deutsche Telekom has bought up the 39.23 percent of shares in T-Mobile Czech Republic that it did not already own. The shares, purchased from a private equity–led consortium, cost the carrier group €800 million (USD $1.1 billion). Deutsche Telekom bought GTS Central Europe in November last year, partly for its fixed-line infrastructure in the Czech Republic, and now that plan is coming together. “T-Mobile Czech Republic is on a clear strategic path to enhance its fixed-line capabilities and foster its market position in B2B,” a Monday statement read.

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