Germany's Deutsche Telekom has just acquired a 10% position in Greece's Hellenic Telecom (OTE) in a deal valued at $585.7 million, according to Reuters. The Greek government will be left with 10% stake in the firm, but Deutsche Telekom will own 40%.
The German government owns over 30% of Deutsche Telekom according to 2008 data, so forcing Greece to sell its position in its own national firm seems a little hypocritical.
Germany’s Flaregames, a mobile game startup headed by Gameforge founder Klaas Kersting, has raised $2.63 million (2 million euros) from Deutsche Telekom’s investment arm. T-Venture Investment will take a stake in Karlsruhe, Germany-... Read Post
Leading Germany telco Deutsche Telekom has been rumored to consider buying a stake in Spain-based Fon, but no official word on that yet. What the two companies did announce today... Keep reading ? Read Post