Deutsche Telekom AG (DTE) has agreed to purchase GTS Central Europe for 546 million euros ($730 million). It adds landline networks in countries where the German phone company generally provides wireless services.

Yesterday, the Bonn-based company said Warsaw-based GTS is being purchased by Deutsche Telekom from private-equity Company such as Columbia Capital, HarbourVest Partners, Innova Capital and M/C Partners.

GTS was established in 1993. It trades in Internet and phone service to clients such as Coca-Cola Co. and General Motors Co. U. S. Telecommunications Company, Level 3 Communications Inc. had also proffered for GTS. This was revealed from two people in August who were having proper knowledge regarding the issue.

Latest landline services may offer a chance to Deutsche Telekom to restore its businesses in eastern part of Europe.

In 2012, GTS told that income of 347 million euros and an Ebitda of 87 million euros will be saved by the traders without the Slovak assets.

Timotheus Hoettges, Chief Financial Officer at Deutsche Telekom, said, "We are investing against the trend. GTS is a further element for developing our integrated market position comprising mobile and fixed-line network services".

This month, billionaire Petr Kellner's PPF Group NV decided to purchase a controlling stake in Telefonica Czech Republic AS for approximately $3.4 billion. It is the largest phone company of the country.