0
Wireless

Freenet buys stake in distribution partner Ceconomy

Monday 2 July 2018 | 09:33 CET | News
German operator Freenet announced an agreement to acquire a stake in its distribution partner Ceconomy for EUR 277 million. The acquisition of around 32.6 million shares is valued at EUR 8.50 per share and takes the form of a capital increase at Ceconomy, giving Freenet a 9.1 percent share in the company. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Freenet / MediaMarktSaturn / MobilCom-Debitel
Countries: Germany
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Ceconomy to cut 500 jobs as part of restructuring programme - report

Published 01 May 2019 13:21 CET | Germany
Ceconomy, the owner of the MediaMarkt and Saturn retail chains, will cut 500 jobs as part of its restructuring programme, ...

Ceconomy reduces board members in line with restructuring programme

Published 30 Apr 2019 10:51 CET | Germany
Ceconomy, the owner of the MediaMarkt and Saturn retail chains, said that Dieter Haag Molkenteller, currently responsible for ...

Freenet revenues up 2.6% in Q3, EBITDA supported by one-time gains

Published 08 Nov 2018 10:32 CET | Germany
German operator Freenet maintained its full-year outlook after reporting in-line third-quarter results. Quarterly revenues rose ...

MediaMarkt owner Ceconomy issues second profit warning in a month

Published 10 Oct 2018 12:10 CET | Europe
Ceconomy, owner of the MediaMarket and Saturn retail chains, said it expects to report results for its fiscal year to September ...

Freenet CFO to leave at year-end

Published 05 Oct 2018 11:10 CET | Germany
German operator Freenet announced that CFO Joachim Preisig will leave the company at the end of 2018, after over a decade of ...

MediaMarkt owner warns for lower FY profit

Published 19 Sep 2018 11:34 CET | Europe
Ceconomy, owner of the MediaMarkt and Saturn retail chains, has warned for lower than expected earnings in its fiscal year to ...

Ceconomy's EUR 1 bln offer to buy out MediaMarkt minority shareholder rebuffed

Published 24 Aug 2018 17:13 CET | Germany
The heirs of the late MediaMarkt co-founder Erich Kellerhals have rebuffed a billion-euro offer for their equity stake in the ...

Freenet slashes TV module price by 25% for IFA

Published 23 Aug 2018 15:06 CET | Germany
Freenet TV said it is slashing the price of its TV module by 25 percent to mark the start of the IFA 2018 trade fair. Freenet ...

Freenet maintains outlook after Q2 results up strongly on postpaid expansion

Published 09 Aug 2018 09:59 CET | Germany
German operator Freenet reported a drop in second-quarter revenues of 17 percent to EUR 697 million, hurt by the new accounting ...

Tech gadget subscription provider Grover raises EUR 37 mln in funding

Published 31 Jul 2018 15:52 CET | Germany
The Berlin-based startup Grover has raised EUR 37 million in Series A funding, reported Techcrunch. The funding round was led by ...

Freenet TV to launch in Bielefeld region mid-August

Published 26 Jul 2018 17:07 CET | Germany
Households in Bielefeld will be informed of the exact start date of Freenet TV broadcasts following the completion of these ...

Media Broadcast appoints new management executives

Published 23 Jul 2018 13:15 CET | Germany
Freenet TV's parent company Media Broadcast said Klaus Baumhauer will take over responsibility of distribution for Media ...

Media Broadcast to complete Freenet TV expansion in autumn

Published 16 Jul 2018 13:14 CET | Germany
Freenet TV's parent company Media Broadcast said up to 3.9 million households in seven more regions of Germany will be able to ...

Last week in telecoms: M&A positive for Veon, negative for Inmarsat and Altice

Published 09 Jul 2018 07:30 CET | Europe
Last week's share price performances were positive enough to bring our European telecoms index back to a level we hadn't seen ...

Freenet named Best CI+ Module in Germany by Satvision magazine

Published 06 Jul 2018 13:58 CET | Germany
The trade and testing magazine Satvision has awarded Freenet TV the "Best CI+ Module" certificate in a direct comparison between ...

Mobilcom-Debitel runs promotion on Smart Surf tariff during World Cup

Published 05 Jul 2018 13:12 CET | Germany
German operator Mobilcom-Debitel is offering a promotion on its Smart Surf tariff on Vodafone's network for the World Cup. The ...

MediaMarktSaturn relaunches Juke music app

Published 04 Jul 2018 13:15 CET | Germany
German electronics retailers MediaMarkt and Saturn have relaunched their music-streaming service Juke with a new design and ...

Freenet neemt aandeel in distributiepartner Ceconomy

Published 02 Jul 2018 09:56 CET | Germany
De Duitse provider Freenet neemt een aandeel ter waarde van EUR 277 miljoen in zijn distributiepartner Ceconomy. Het gaat om een ...





Calendar   /   Industry Events

15 Oct Broadband World Forum 2019
16 Oct Netflix Q3 2019
16 Oct Limelight Networks Q3 2019
16 Oct Dtac Q3 2019
16 Oct Crown Castle Q3
16 Oct Berec stakeholder forum
17 Oct Ericsson Q3 2019, Investors day
17 Oct Elisa Q3 2019
17 Oct Telia interim report
17 Oct Central European Media Q3 2019
17 Oct Tele2 Q3 2019
18 Oct Digi Q3 2019
21 Oct Logitech fiscal Q2
21 Oct Brand Marketing and Digital Summit
22 Oct DNA Q3 2019
22 Oct Grameenphone Q3 2019
22 Oct Snap Q3
22 Oct Calix Q3 2019
22 Oct MWC Los Angeles 2019
23 Oct AT&T Q3 2019
23 Oct Rogers Communications Q3 2019
23 Oct Telenor Q3 2019
23 Oct Millicom Q3 2019
23 Oct Netgear Q3
23 Oct Microsoft fiscal Q1
23 Oct Annual Customer Service Summit
::: More Calendar Items