AP NEWS
Related topics

Deutsche Telekom’s Recent Buys

July 24, 2000

German-based telecommunications giant Deutsche Telekom AG agreed Monday to buy VoiceStream for a deal currently valued at $46 billion to tap growing demand for mobile-phone services in the U.S. and fulfill a pledge to expand abroad. The following is a list of other acquisitions by the German company since the beginning of 1999.

_April 1999: Deutsche Telekom and Telecom Italia agree to $80 billion merger. Deal falls through following month when Italian telecom company Olivetti outbids Deutsche Telekom for controlling stake in Italia.

_August 1999: Deutsche Telekom buys Britain-based mobile communications operator One2One for $11.1 billion.

_October 1999: Deutsche Telekom buys most of MediaOne’s Central European and Russian mobile telecommunications businesses for $2 billion. Deal included operators in Poland, Hungary and Russia.

_November 1999: Deutsche Telekom buys French telecommunications company Siris from Unisource for $1.4 billion.

_March 2000: Deutsche Telekom pays $765 million to take controlling stake in Czech mobile communications operator RadioMobil.

_May 2000: Deutsche Telekom acquires 51 percent in the Czech city carrier PragoNet for $25 million.

_July 2000: Deutsche Telekom takes control of Matav, Hungary’s leading telecoms company, after buying a 50 percent stake in its holding company for $2.2 billion. In separate deal, Deutsche Telekom pays Slovak government $930 million for 51 percent stake in Slovakia’s leading telecommunications company Slovenske Telekomunikacie.

AP RADIO
Update hourly