Deutsche Telekom has agreed to buy GTS Central Europe, an infrastructure-based provider of telecoms services, in a deal worth €546 million.
The operator said that the deal will allow it to boost its ability to offer pan-European telecommunication services, as well as integrated products in countries where Deutsche Telekom currently maintains limited fixed-line access network infrastructure.
“This acquisition enhances our ability to provide innovative pan-Europeancross-border telecommunications services. Our existing mobile-centric national companies in the Czech Republic and Poland will benefit most from the added fixed-line infrastructure,” said Claudia Nemat, Deutsche Telekom’s board member for Europe and technology.
Deutsche Telekom agreed to buy GTS from a consortium of international private equity firms, including Columbia Capital, HarbourVest Partners, Innova Capital and M/C Partners.