DOW JONES–The telecommunications service provider Freenet has strengthened itself in the German mobile communications market with the takeover of the telecommunications provider Mobilezone Deutschland for around 230 million euros. The transaction is expected to be completed in the fourth quarter, as the group, which is listed on the MDAX and TecDAX, announced. In addition, the exclusive sales partnership with the electronics retailer MediaMarktSaturn was extended for a further five years.
Both measures strengthen Freenet’s strategic sales power and open up significant growth potential from the 2026 financial year, as the group further announced. “The takeover of Mobilezone Deutschland is a strategically valuable addition to our existing sales portfolio,” said Freenet boss Robin Harries, according to the statement.
Mobilezone Germany achieves over a million contract conclusions per year. With brands such as Sparhandy, Deinhandy, Handystar and HIGH, the company achieved sales of almost 780 million euros in 2024 and earnings before interest, taxes, depreciation and amortization (EBITDA) of around 30 million euros.
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(END) Dow Jones Newswires
October 08, 2025 12:17 ET (16:17 GMT)
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