Deutsche Telekom confirmed weekend media reports it will purchase the remaining 39.23 per cent it doesn’t own in its T-Mobile Czech Republic subsidiary.

The deal, worth €800 million, is part of Deutsche Telekom’s plan to bolster its position as a pan-European “integrated” operator – offering fixed and mobile services – and deepen its presence in Eastern Europe.

The remaining Czech unit shares are currently managed by private equity group Mid Europa Partners.

The Czech unit buy-out follows Deutsche Telekom’s acquisition of GTS Central Europe in November for €546 million.

GTS Central Europe runs a fibre-optic network in the Czech Republic, Hungary, Poland, Romania and Slovakia.

“The acquisition of the remaining shares is a natural step towards optimising our portfolio and supports our transformation into the leading integrated Pan-European operator,” said Claudia Nemat, board member for Europe and technology at Deutsche Telekom.

“The Czech Republic is an important market for Deutsche Telekom due to its size and structure. With the on-going integration of T-Systems Czech Republic and the planned combination with the Czech operations of GTS Group, T-Mobile Czech Republic is on a clear strategic path to enhance its fixed-line capabilities and foster its market position in B2B.”

The transaction is not subject to regulatory approvals as T-Mobile Czech Republic is already fully consolidated by Deutsche Telekom.

Credit Suisse Securities (Europe) Limited and Clifford Chance acted as advisors to Deutsche Telekom on the deal.