Freenet

DGAP-News: freenet AG: freenet AG repays debts of 610.0 million euros after sale of Sunrise shares

Friday, November 20, 2020 - 6:00am

syndicated bank loan of 610.0 million euros taken out to finance its equity stake in the Swiss telecommunications provider Sunrise Communications Group AG (Sunrise) acquired in 2016.

Key Points: 
  • syndicated bank loan of 610.0 million euros taken out to finance its equity stake in the Swiss telecommunications provider Sunrise Communications Group AG (Sunrise) acquired in 2016.
  • Through the complete sale of the total of 11,051,578 shares, freenet AG received Swiss francs equivalent to approximately 1.1 billion euros in cash on 11 November 2020.
  • "The sale of the Sunrise shares strengthens freenet AG's capital base in the long term.
  • Thus, freenet AG stands by its promise to use the proceeds from the sale of its Sunrise investment primarily to repay bank liabilities.

DGAP-News: freenet AG: freenet confirms year-end financial guidance based on growth in subscriber base, EBITDA and free cash flow

Thursday, November 5, 2020 - 5:02pm

This means that the IPTV product remains on track to repeat the solid growth of the previous year in 2020.

Key Points: 
  • This means that the IPTV product remains on track to repeat the solid growth of the previous year in 2020.
  • freenet continues to expect revenue to remain stable in 2020, with EBITDA coming in between 415 to 435 million euros and free cash flow between 235 to 255 million euros.
  • To improve comparability, the previous year's figures for sales and EBITDA are therefore presented adjusted for MOTION TM.
  • 2 Sum total of postpaid customers, active freenet FUNK customers, freenet Flex customers, freenet TV subscribers (RGU) and waipu.tv subscribers.

DGAP-News: Media and Games Invest plc; Closing of the share purchase and transfer agreement with freenet AG for the acquisition of freenet digital GmbH successfully concluded

Thursday, October 1, 2020 - 6:03pm

Media and Games Invest plc; Closing of the share purchase and transfer agreement with freenet AG for the acquisition of freenet digital GmbH successfully concluded

Key Points: 
  • Media and Games Invest plc; Closing of the share purchase and transfer agreement with freenet AG for the acquisition of freenet digital GmbH successfully concluded
    The issuer is solely responsible for the content of this announcement.
  • Media and Games Invest plc; Closing of the share purchase and transfer agreement with freenet AG for the acquisition of freenet digital GmbH successfully concluded
    October 01, 2020 - Media and Games Invest plc (Frankfurt Stock Exchange: M8G), (Nasdaq First North Premier Growth Market: M8G) ("MGI" or the "Company"), has concluded the closing of the share purchase and transfer agreement with freenet AG for the acquisition of freenet digital GmbH as planned.
  • "We are pleased about the successful closing and looking forward to the integration of freenet digital.
  • Media and Games Invest plc is a digital games company with main operational presence in EMEA and North America.

DGAP-News: freenet Group announces customer growth and increase in earnings in first half of 2020, confirms dividend policy

Tuesday, August 11, 2020 - 5:03pm

As expected, the number of revenue-generating users of freenet TV fell slightly to the current figure of 1.005 million customers.

Key Points: 
  • As expected, the number of revenue-generating users of freenet TV fell slightly to the current figure of 1.005 million customers.
  • This development was due to disconnected satellite customers and a slight increase in churn caused by the price increase applicable since 1 May 2020.
  • Churn is expected to increase again in the second half of the year as the price increase will only become apparent to many voucher customers at that point.
  • Overall, however, the customer reaction to date shows that the price increase is having a positive effect on the bottom line.

STRAX: STRAX Renews Mobilcom-debitel Agreement

Wednesday, June 10, 2020 - 2:21pm

STRAX will supply approximately 550 stores and the online shop www.mobilcom-debitel.de with a broad range of products from its extensive portfolio of brands.

Key Points: 
  • STRAX will supply approximately 550 stores and the online shop www.mobilcom-debitel.de with a broad range of products from its extensive portfolio of brands.
  • STRAX will furthermore continue supporting the development and manufacturing of mobilcom-debitel's own freenet brand.
  • In a relatively short period of time mobilcom-debitel has become one of STRAX largest customers.
  • Today, STRAX has over 200 employees in 12 countries with its operational HQ and logistics center based in Germany.

DGAP-News: freenet AG: freenet Group reports very solid figures for the first quarter of 2020 and confirms guidance, even after taking COVID-19 into account

Sunday, May 3, 2020 - 7:00pm

Subscribers rose by around 166,100 compared to the prior-year quarter and by around 44,200 subscribers compared to the end of 2019.

Key Points: 
  • Subscribers rose by around 166,100 compared to the prior-year quarter and by around 44,200 subscribers compared to the end of 2019.
  • Revenue in the TV and Media segment remained stable year-on-year in the first three months of 2020 at 60.7 million euros.
  • To improve comparability, the previous year's figures for sales and EBITDA are therefore presented adjusted for MOTION TM.
  • 2 Sum total of postpaid customers, active freenet FUNK customers, freenet TV subscribers (RGU) and waipu.tv subscribers.

Liberty Global Reiterates Commitment to Binding Terms of Sunrise’s Acquisition of UPC Switzerland

Tuesday, August 27, 2019 - 5:00am

Liberty Global notes the recent statements by Freenet AG and Sunrise Communications with respect to the proposed acquisition of Libertys Swiss operation by Sunrise, announced on February 27, 2019.

Key Points: 
  • Liberty Global notes the recent statements by Freenet AG and Sunrise Communications with respect to the proposed acquisition of Libertys Swiss operation by Sunrise, announced on February 27, 2019.
  • Liberty Global is fully committed to completing the transaction as agreed.
  • The company has not had any discussions regarding amending the binding transaction terms, and has no intention or interest in doing so.
  • We are pleased with the continued turnaround by UPC Switzerland, as demonstrated in our recently published earnings announcement.