Deutsche Telekom Buys Remaining Stake In T-Mobile Czech

Mani

Published onFebruary 10, 2014

Updated on May 13, 2021

Deutsche Telekom AG (OTCMKTS:DTEGY) (FRA:DTE) (ETR:DTE) is set to acquire the remaining 39.2% stake in its T-Mobile US Inc (NYSE:TMUS) Czech Republic unit for about €800 million ($1.09 billion).

According to Claudia Nemat, board member for Europe and technology at Telekom, the Czech Republic is an important market for Deutsche Telekom AG (OTCMKTS:DTEGY) (FRA:DTE) (ETR:DTE) due to its size and structure.

Presence since 1996

The carrier has offered mobile services in Germany’s eastern neighbor since 1996. The Czech company had 5.7 million wireless customers and 119,000 landline connections at...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Deutsche Telekom Buys Remaining Stake In T-Mobile Czech

Presence since 1996

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