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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.

  1. $1.1B? I think it is very good for Deutsche Telekom.

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