Deutsche Telekom Buys Remaining Stake In T-Mobile Czech

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 the end of the third quarter, and revenue fell 16% to 229 million…