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Broadband

Deutsche Telekom confirms ClickandBuy takeover

Wednesday 24 March 2010 | 18:15 CET | News
Deutsche Telekom has confirmed the acquisition of the remaining shares of online payment services provider Firstgate, best known for the ClickandBuy brand, through its venture capital arm T-Venture. Telekom has held shares in Firstgate since 2006. It has now signed agreements with the majority shareholders to buy their shares, boosting its overall holding from 20.2 percent to 100 percent. Firstgate has 13 million registered users, 16,000 associated retailers and business operations in 31 countries worldwide. It will operate in future as an independent subsidiary of Deutsche Telekom. The

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Categories: Internet
Companies: ClickandBuy / Firstgate / ikanos
Countries: Germany / World
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