Deutsche Telekom to Pay $1.1 Billion in Czech Unit Buyout
This article is for subscribers only.
Deutsche Telekom AG agreed to acquire full ownership of its Czech unit, betting on a recovery in eastern European telecommunications, a market that contributes almost a quarter of the German carrier’s revenue.
The owner of the T-Mobile brand will pay 828 million euros ($1.1 billion) for the remaining 39.2 percent stake in the Czech unit from Falcon Group led by Mid Europa Partners LLP, according to a statement from the private-equity firm. The transaction won’t require regulatory approval, Bonn-based Deutsche Telekom said in a separate release.