Freenet AG explained

Freenet AG
Type:Aktiengesellschaft
Location City:Büdelsdorf
Location Country:Germany
Key People:Christoph Vilanek (CEO and chairman of the executive board), Helmut Thoma (Chairman of the supervisory board)
Industry:Telecommunications
Products:Mobile telecommunications, web content

Freenet AG (formerly freenet.de AG) is a German telecommunications and web content provider. The company was formerly a subsidiary of . In 2004, its EBITDA was 471.5 million euro. In 2007, Freenet.de merged with Mobilcom, a deal which took around two years to complete, and the resulting company changed its name to Freenet AG.[1] In July 2008 Freenet AG acquired debitel AG, another German telecommunications company.[2]

The company was formerly active in the provision of broadband Internet services, but sold this unit to United Internet for €123 million in 2009.[3] At the end of February 2022, it was announced that the Mobilcom-Debitel brand would be discontinued in July of the same year in favor of freenet. The changeover will take place on July 13, and the company has additionally been renamed freenet DLS.[4]

Notes and References

  1. News: Freenet stock soars in Germany on takeover interest. 22 August 2010. The New York Times. 24 September 2007.
  2. News: Freenet completes takeover of Debitel; Permira owns almost 25 pct in Freenet . finanznachrichten.de . en . 6 July 2008 . 14 October 2022 .
  3. News: Sheahan. Maria. United Internet buys Freenet's DSL business. 22 August 2010. 26 May 2009. Reuters.
  4. Web site: Kuch . Alexander . 13. Juli: Aus mobilcom-debitel wird freenet . 2022-11-08 . www.teltarif.de . 24 February 2022 . de.