Europe-focused buyout firm Mid Europa has completed the sale of its stake in T-Mobile Czech Republic to Deutsche Telekom for a total consideration of 828 million euros. T-Mobile Czech Republic is a provider of mobile telecommunications services in the Czech Republic.
Falcon Group, a consortium of investors 75% controlled by funds managed or advised by Mid Europa Partners (“Mid Europa”), announced today that it has completed the sale of its entire 39.23% stake in T-Mobile Czech Republic, a.s. (“TMCZ”) to Deutsche Telekom for a total consideration of €828 million. The sale of TMCZ to Deutsche Telekom was first announced on 10 February 2014.
T-Mobile Czech Republic is the leading provider of nation-wide mobile telecommunications services in the Czech Republic, and also provides combined fixed, mobile and IT solutions to individual and business customers.
ABOUT MID EUROPA PARTNERS
Mid Europa Partners is a leading independent private equity firm focused on Central and Eastern Europe and Turkey. Operating from London, Budapest, Warsaw and Istanbul, Mid Europa Partners advises and manages funds of approximately €4 billion in aggregate. The Mid Europa Partners team has been investing in the region since 1999.