Deutsche Telekom: DeTeImmobilien goes to Strabag
Deutsche Telekom is selling its fully owned subsidiary DeTeImmobilien Service GmbH (DeTeImmobilien) to Strabag SE, Vienna, as of October 1, 2008. Deutsche Telekom's real estate will not be affected by the sale of its property service provider. DeTeImmobilien will continue to manage Deutsche Telekom's properties under a comprehensive contract with an initial term of ten years that was signed parallel to the sale. This ensures that the necessary facility management services will continue to be performed for Deutsche Telekom in future. Far-reaching agreements were made to guarantee the staff's jobs, wages and benefits, Telekom announced. DeTeImmobilien has some 6,240 employees and attained revenues of approximately €1bn during the 2007 business year. Both partners agreed to make no comments regarding the financial details of the transaction.