Bonn, Prague, February 10, 2014 - Deutsche Telekom is acquiring the remaining 39.23-percent stake of T-Mobile Czech Republic for a purchase price of EUR 0.8 billion. The shares are currently owned by a consortium of investors led by funds managed or advised by private equity group Mid Europa Partners.
“The acquisition of the remaining shares is a natural step towards optimizing our portfolio and supports our transformation into the leading integrated Pan-European operator," commented Claudia Nemat, Board Member for Europe and Technology at Deutsche Telekom. "The Czech Republic is an important market for Deutsche Telekom due to its size and structure. With the ongoing integration of T-Systems Czech Republic and the planned combination with the Czech operations of GTS Group, T-Mobile Czech Republic is on a clear strategic path to enhance its fixed-line capabilities and foster its market position in B2B.”
The acquisition of the remaining shares enables a simplification of the capital and governance structure of T-Mobile Czech Republic. In addition, the transaction provides financial benefits, such as the savings of annual dividend payments to the minority shareholders and an increase in net profit.
T-Mobile Czech Republic is already fully consolidated by Deutsche Telekom – therefore the transaction will have no impact on Group revenue and EBITDA.
The transaction is not subject to regulatory approvals.
Credit Suisse Securities (Europe) Limited and Clifford Chance acted as advisor to Deutsche Telekom.
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About Deutsche Telekom
Deutsche Telekom is one of the world’s leading integrated telecommunications companies with 144 million mobile customers, 32 million fixed-network lines and over 17 million broadband lines (as of June 30, 2013). The Group provides fixed-network, mobile communications, Internet and IPTV products and services for consumers, and ICT solutions for business and corporate customers. Deutsche Telekom is present in some 50 countries and has over 231,000 employees worldwide. The Group generated revenue of EUR 58.2 billion in the 2012 financial year—over half of it outside Germany (as of December 31, 2012).
T-Mobile Czech Republic, a member of the international telecommunications group Deutsche Telekom, is with its almost 6.2 million customers the number-one operator in the Czech market. T-Mobile is an integrated operator: in addition to converged telecommunications services, it offers TV and comprehensive ICT solutions. It provides outstanding services in the high-speed network, which was proved repeatedly by benchmark testing performed by umlaut (former P3) with Best-in-Test seal.
T-Mobile Czech Republic places emphasis on taking a responsible approach to the environment and society. It adheres to fair business practices, helps beneficial applications and services to see the light of day, supports non-profit organizations, small businesses and individuals, and lends a helping hand whenever crisis situations arise. The company’s employees serve as volunteers in many places across the entire Czech Republic.
More information about the company is available at www.t-mobile.cz, www.t-press.cz (the portal for journalists), www.t-mobile.cz/pomahame (information on the company’s CSR activities) and www.rozjezdy.cz (T-Mobile Takeoffs of the Year – a program to support small businesses).
Contact details of the press unit: email@example.com.