Deutsche Telekom eyes acquisition in Eastern Europe
German operator Deutsche Telekom is considering two transactions in Eastern Europe to strengthen its position in the region, the Wall-Street Journal Deutschland wrote Monday citing several people familiar with the matter. According to the report, Deutsche Telekom is considering buying Poland’s GTS Central Europe for €600 million ($775 million). The telecoms group is also looking to purchase the remaining stake of almost 40% in its T-Mobile unit in the Czech Republic from private equity firm Mid Europa Partners, the WSJ Deutschland said, citing a person familiar with the situation.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.