Freenet AG

Freenet AG
Type Aktiengesellschaft
Traded as FWB: FNTN
Industry Telecommunications
Founded 2007
Headquarters Büdelsdorf, Schleswig-Holstein, Germany
Key people Christoph Vilanek (CEO and chairman of the executive board), Thorsten Kraemer (Chairman of the supervisory board)
Products Mobile telecommunications, web content
Revenue €3.340 billion (2010)[1]
Operating income €144.2 million (2010)[1]
Profit €112.4 million (2010)[1]
Total assets €2.542 billion (end 2010)[1]
Total equity €1.134 billion (end 2010)[1]
Employees 3,970 (end 2010)[1]
Website www.freenet.ag

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.[2] In July 2008 Freenet AG acquired debitel AG, another German telecommunications company.[3]

The company was formerly active in the provision of broadband Internet services, but sold this unit to United Internet for €123 million in 2009.[4]

External links

References

  1. ^ a b c d e f "Annual Report 2010". Freenet AG. http://blob.freent.de/contentblob/2452282/data/annual-report-consolidated-financial-statements-of-freenet-ag-2010.pdf. Retrieved 10 April 2011. 
  2. ^ "Freenet stock soars in Germany on takeover interest". The New York Times. 24 September 2007. http://www.nytimes.com/2007/09/24/business/worldbusiness/24iht-freenet.4.7621055.html. Retrieved 22 August 2010. 
  3. ^ Freenet completes takeover of Debitel
  4. ^ Sheahan, Maria (26 May 2009). "United Internet buys Freenet's DSL business". Reuters. http://uk.reuters.com/article/idUKLQ60674520090526. Retrieved 22 August 2010. 
TecDAX companies of Germany