Deutsche Telekom Set to Acquire Fiberhost and Inea in €1 Billion Poland Deal
Deutsche Telekom's Strategic Expansion in Poland
Aug 17 (Reuters) - Deutsche Telekom said on Monday it had agreed to buy Polish network operator Fiberhost and retail broadband and TV provider Inea from Macquarie Asset Management for €1 billion ($1.16 billion).
Transformation of T-Mobile Polska
The acquisition will advance Deutsche Telekom's Polish unit T-Mobile Polska's transformation from a mobile-only operator into a fully converged telecom provider and is subject to customary Polish competition approvals, the company said in a statement.
Regulatory Approvals and Timeline
The transaction is expected to reach financial close at the end of 2026, Macquarie said in a statement.
Statements from Stakeholders
"We thank both management teams for their partnership and look forward to seeing both businesses continue to build on this strong foundation under Deutsche Telekom's stewardship," Macquarie Asset Management Managing Director Cord von Lewinski said.
Growth Prospects and Customer Base
Deutsche Telekom said the acquisition would accelerate T-Mobile Polska's growth by adding more than 300,000 Inea customers and Fiberhost's network, which passes over 1.4 million homes.
Financial Details
($1 = 0.8621 euros)
Reporting Credits
(Reporting by Amir Orusov; additional reporting by Nikita Jino; Editing by Linda Pasquini, Kirsten Donovan)