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Deutsche Telekom has acquired GTS Central Europe (GTS) from a consortium of international private equity firms, including Columbia Capital, HarbourVest Partners, Innova Capital and M/C Partners, for a total fee of €546 million.
GTS is one of the top infrastructure-based telecommunications service providers in the CEE region.
The company has extensive network and data center infrastructure, as well as a strong portfolio of services focused on business customers.
In 2012, GTS had revenues of €347 million and EBITDA of €87 million pro-forma excluding its Slovak assets, which will be retained by the sellers as part of the transaction.
GTS has a presence in the Czech Republic, Hungary, Poland, Romania and Slovakia. It combines its regional footprint with deep local networks to deliver a broad range of services to over 38,000 business, carrier and government customers.
Commenting on the deal, which is subject to regulatory approval, Timotheus Höttges, CFO at Deutsche Telekom, said: “We are investing against the trend. GTS is a further element for developing our integrated market position comprising mobile and fixed-line network services. Strengthening our position with business customers is also a core element of our strategy.”
Claudia Nemat, board member for Europe and Technology at Deutsche Telekom, added: “This acquisition enhances our ability to provide innovative pan-European cross-border telecommunications services. Our existing mobile-centric national companies in the Czech Republic and Poland will benefit most from the added fixed-line infrastructure. Therefore, GTS is an ideal addition to our portfolio.”
Danny Bottoms, CEO of GTS, said: “We see Deutsche Telekom as the best partner for GTS and are excited about the benefits and opportunities this will create for our customers and employees.”
GTS is one of the top infrastructure-based telecommunications service providers in the CEE region.
The company has extensive network and data center infrastructure, as well as a strong portfolio of services focused on business customers.
In 2012, GTS had revenues of €347 million and EBITDA of €87 million pro-forma excluding its Slovak assets, which will be retained by the sellers as part of the transaction.
GTS has a presence in the Czech Republic, Hungary, Poland, Romania and Slovakia. It combines its regional footprint with deep local networks to deliver a broad range of services to over 38,000 business, carrier and government customers.
Commenting on the deal, which is subject to regulatory approval, Timotheus Höttges, CFO at Deutsche Telekom, said: “We are investing against the trend. GTS is a further element for developing our integrated market position comprising mobile and fixed-line network services. Strengthening our position with business customers is also a core element of our strategy.”
Claudia Nemat, board member for Europe and Technology at Deutsche Telekom, added: “This acquisition enhances our ability to provide innovative pan-European cross-border telecommunications services. Our existing mobile-centric national companies in the Czech Republic and Poland will benefit most from the added fixed-line infrastructure. Therefore, GTS is an ideal addition to our portfolio.”
Danny Bottoms, CEO of GTS, said: “We see Deutsche Telekom as the best partner for GTS and are excited about the benefits and opportunities this will create for our customers and employees.”