Mobile Czech Republic AS, the Czech Republic based provider of mobile telecommunications services, and a portfolio company of Mid Europa Partners, the UK based private equity firm and Al Bateen Investment Company, the UAE based investment company, has agreed to acquire retail telecom business of Ceske Radiokomunikace AS, the Czech Republic based provider of telecommunication services including radio and television broadcasting, for an undisclosed consideration.

T-Mobile will acquire residential and small businesses division including the 130 employees and more than 100,000 customers. Al Bateen and Mid Europa Partners, holds 100% stake in Ceske Radiokomunikace and 39.2% stake in T-Mobile Czech Republic.
 
Through the acquisition T-Mobile plans to provide fixed services & internet access via DSL and become a major alternative provider. The acquisition will further strengthen T-Mobile’s ability to provide better integrated solutions for the entire market segment. The deal is subject to competition authorities' approval and is expected to complete by the end of November 2009.

~ Mergermarket

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