On Air Now

Current Show

The Huge Show   3:00 PM - 5:00 PM

We're talkin' sports on The Huge Show

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1450 AM Holland, MI

Weather

Current Conditions(Holland,MI 49422)

More Weather »
58° Feels Like: 58°
Wind: ESE 16 mph Past 24 hrs - Precip: 0.01”
Current Radar for Zip

Today

Cloudy/Wind 61°

Tonight

Rain 45°

Tomorrow

AM Rain 57°

Alerts

Deutsche Telekom buys remainder of T-Mobile Czech unit: source

The logo of Deutsche Telekom is seen at a store in Bonn, April 3, 2013. REUTERS/Wolfgang Rattay
The logo of Deutsche Telekom is seen at a store in Bonn, April 3, 2013. REUTERS/Wolfgang Rattay

BERLIN (Reuters) - Deutsche Telekom has bought the remaining parts of its T-Mobile Czech Republic division for about 800 million euros ($1.09 billion) to take full control of the unit, a source with knowledge of the matter said on Sunday.

Deutsche Telekom is acquiring the 40-percent stake in T-Mobile Czech Republic from investors Mid Europa Partners (MEP) and Al Ain, the source said on condition that he not be identified because the matter is confidential, confirming a report in Germany's Manager Magazin Online.

Deutsche Telekom declined to comment.

The German telecom operator plans to offer an integrated structure of mobile-phone networks and landlines across Europe.

Last November, Deutsche Telekom purchased GTS Central Europe for 546 million euros in a deal that earned the Bonn-based company a fibre optic fixed-line and infrastructure business in Eastern Europe.

(Reporting by Peter Maushagen, Writing by Andreas Cremer; Editing by Philipp Halstrick and Louise Heavens)

Comments