A Travers Smith team led by private equity partner Philip Sanderson and senior corporate associate Adam Orr has advised Deutsche Telekom on its acquisition of GTS Central Europe for a total consideration of €546m.

Deutsche Telekom is acquiring GTS from a consortium of international private equity firms, including Columbia Capital, HarbourVest Partners, Innova Capital and M/C Partners.  The transaction is subject to regulatory approvals.

GTS is a Central European telecoms infrastructure business that provides data, internet, voice and cloud services to approximately 38,000 businesses, carriers and government institutions. It has fibre-optic and data-centre networks across Central and Eastern Europe, serving the Czech Republic, Hungary, Poland, Romania and Slovakia.

The transaction strengthens Deutsche Telekom's position in the business-to-business segment and enhances its ability to offer pan-European telecommunication services.

Deutsche Telekom was also advised by Noerr and the GTS shareholders were advised by Edwards Wildman.