Deutsche Telekom makes $729M acquisition

|About: Deutsche Telekom AG ADR (DTEGY)|By:, SA News Editor

Deutsche Telekom (DTEGY) is set to buy GTS Central Europe (which runs a fixed-line fiber optic network) from Columbia Capital, HarbourVest Partners, Innova Capital and M/C Partners for around $730M.

GTS' markets include the Czech Republic, Poland, Hungary, and Romania.

Revenues for GTS in 2012 (minus Slovakia, where assets are staying with the current owners, according to Reuters) were €347M.