Deutsche Telekom beefs up business portfolio with $730M GTS Central Europe buy

Deutsche Telekom said on Sunday that it will buy GTS Central Europe, a 20-year-old telecommunications firm that focuses on the business market. The deal, which requires regulatory approval, is worth €546 million ($731 million). GTS Central Europe is currently owned by a private equity consortium. The buy will provide much-needed fixed-line infrastructure for Telekom in Poland and the Czech Republic in particular, although it’s worth noting that GTS also has a fair amount of data center infrastructure that might come in handy.