Germany-based telecommunications company Deutsche Telekom has agreed to acquire Poland-based telecommunications service provider GTS Central Europe from the company’s private equity backers, including private equity firm Columbia Capital, fund of funds HarbourVest Partners, mid-market private equity firm Innova Capital and private equity firm M/C Partners, for EUR546 million (approximately US$730 million). The purchase price values GTS, which sells internet and phone service, at 6.3 times earnings before interest, taxes, depreciation and amortization. The transaction is subject to regulatory approval.