Skip to main content

360networks Signs $230 Million Deal With Deutsche Telekom



signed a contract with

Deutsche Telekom

(DT) - Get Free Report

, valued at about $230 million, to provide the German telecommunications company with broadband capacity for high-speed Internet access and maintenance.

Image placeholder title

Deutsche Telekom will also be able to buy dark fiber infrastructure and equipment maintenance services from 360networks for the next 20 years.

Shares of Deutsche Telekom rose 31 cents, or 1%, to $31.75 in recent

New York Stock Exchange

trading, and 360networks lost 13 cents, or 1%, to $12.81 on the