Deutsche Telekom to Acquire GTS Central Europe for $730m
This article is for subscribers only.
Deutsche Telekom AG agreed to buy GTS Central Europe for 546 million euros ($730 million), adding landline networks in countries where the German phone company’s services are predominantly wireless.
Deutsche Telekom is acquiring Warsaw-based GTS from private-equity firms including Columbia Capital, HarbourVest Partners, Innova Capital and M/C Partners, the Bonn-based company said yesterday. The transaction, subject to regulatory approvals, will give Deutsche Telekom landline grids in Poland, the Czech Republic, Hungary and Romania.