A consortium of private equity funds has agreed to acquire European business carrier GTS Central Europe. The consortium includes the funds Columbia Capital, M/C Venture Partners and Innova Capital. No financial details were released; the transaction is expected to close in the first quarter of 2008. GTS provides communications and network services to mainly business customers, with operations in the Czech Republic, Poland, Hungary, Romania and Slovakia. GTS CE expects to achieve consolidated revenues of approximately EUR 393 million and EBITDA of EUR 69 million in 2007.
