Deutsche Telekom has acquired the remaining 49 percent stake in Slovak Telekom that it did not already own, just over a month after the opco announced an IPO.
DT has paid €900 million for the outstanding shares in the Slovakian operator, which were formally state-owned.
The purchase gives DT full ownership of the company, which has 4.1 million customers, after it retained its 51 percent majority stake during April’s public listing.
The acquisition is expected to be completed in the coming weeks as it is not subject to regulatory approval.
The Germany-based operator said obtaining full ownership of its subsidiary was in line with its strategy of becoming “the leading integrated pan-European telco operator.”
It also plans to capitalise on Slovak Telekom’s position as the only quad-play provider in Slovakia.
Claudia Nemat, Board Member for Europe and Technology at Deutsche Telekom, commented: “As the only operator in Slovakia with quad-play capabilities, Slovak Telekom is a highly attractive asset. It is the market leader in fixed line, fixed broadband and pay-TV, as well as the second largest mobile player in Slovakia.
“Furthermore, it is the second of our subsidiaries to already offer an all-IP network, and with the recent introduction of its Magenta One converged fixed mobile services continues to be at the forefront of innovation within our Group."
Deutsche Telekom launched its pan-European IP network during this year’s Mobile World Congress, which offers a standardised platform for its opcos in Croatia, Hungary and Slovakia.