Freenet AG (formerly freenet.de AG) is a German telecommunications and web content provider. The company was formerly a subsidiary of Mobilcom. 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 13 July and the company has additionally been renamed freenet DLS.[4]
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References
- Freenet stock soars in Germany on takeover interest The New York Times, 24 September 2007, retrieved 22 August 2010^
- Freenet completes takeover of Debitel; Permira owns almost 25 pct in Freenet finanznachrichten.de, 6 July 2008, retrieved 14 October 2022^
- Maria Sheahan. United Internet buys Freenet's DSL business Reuters, 26 May 2009, retrieved 22 August 2010^
- Alexander Kuch. 13. Juli: Aus mobilcom-debitel wird freenet www.teltarif.de, 24 February 2022, retrieved 2022-11-08^