Feeds

Freenet to buy debitel for $2.54bn

Redraws German mobile map

SANS - Survey on application security programs

Hamburg-based internet access provider Freenet has agreed to buy telecom reseller debitel AG for €1.63bn ($2.54bn).

With over 19 million customers the combined company will become the third largest mobile player on the German market, behind T-Mobile and Vodafone but outstripping E-Plus and O2.

The companies had combined 2007 sales of €5.23bn and earnings before interest, taxes, depreciation and amortisation of €508m.

Freenet's supervisory board approved the transaction this weekend, despite opposition from shareholder United Internet.

United Internet, which holds 25 per cent in Freenet with mobile phone company Drillisch, wanted to purchase all of Freenet and then split up the internet access business and the mobile telecoms business. However, Freenet was no longer interested in its own DSL business and wanted to concentrate on mobile telephony. The sale of its broadband and fixed-line segment is expected soon.

Debitel's present owner Permira will receive 32 million shares in Freenet, which itself was formed from a merger of mobilcom and Freenet just over a year ago. The transaction is still subject to anti-trust approval by the German cartel office.

On a cash-free basis, the debitel Group will be acquired with financial liabilities in the amount of €1.135bn.

Debitel also offers services in France, Denmark and in the Netherlands. In the Netherlands debitel recently announced it would have to close 60 of its shops and concentrate on internet sales. ®

3 Big data security analytics techniques

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.