03.03.2016
freenet AG DE000A0Z2ZZ5
DGAP-Adhoc: freenet AG acquires Media Broadcast Group
freenet AG / Key word(s): Takeover
03.03.2016 07:46
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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freenet AG acquires Media Broadcast Group
Büdelsdorf, 3 March 2016 - mobilcom-debitel GmbH, a wholly owned subsidiary
of freenet AG, has today signed an agreement to acquire 100 per cent of the
shares in Media Broadcast Group. Media Broadcast Group consists of two
holding companies as well as the principal operating company, Media
Broadcast GmbH, Cologne, along with further subsidiaries and equity
holdings. Media Broadcast's Satellite business unit (Media Broadcast
Satellite GmbH and Media Broadcast Satellite Services GmbH) is not included
in the acquisition.
The acquisition is subject to the usual approval by the anti-trust
authorities. With the execution of the transaction mobilcom-debitel GmbH
will provide approx. 295 million euros for business shares and a
shareholder loan as well as for the repayment of bank liabilities. The
transaction is expected to be completed in April 2016 at the latest.
In connection with the stake in eXaring AG, acquired in advance, the
acquisition of Media Broadcast Group represents an important addition as
part of freenet AG's strategic development to become the leading digital
lifestyle provider in Germany. Entering the new area of linear and
internet-based television will open up the possibility for the company to
diversify further within the Digital Lifestyle business and cultivate new
growth potential and sources of income. In total, freenet AG expects a
positive contribution to Group revenue, EBITDA and free cash flow from both
transactions.
Investor Relations:
freenet Aktiengesellschaft
Investor Relations
Deelbögenkamp 4c
22297 Hamburg
Germany
Phone: +49 (0) 40 / 513 06 778
Fax: +49 (0) 40 / 513 06 970
Email: [email protected]
03.03.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: freenet AG
Hollerstraße 126
24782 Büdelsdorf
Germany
Phone: +49 (0)40 51306-778
Fax: +49 (0)40 51306-970
E-mail: [email protected]
Internet: www.freenet-group.de
ISIN: DE000A0Z2ZZ5, DE000A1KQXU0
WKN: A0Z2ZZ , A1KQXU
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart; Terminbörse EUREX
End of Announcement DGAP News-Service
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