Freenet AG Expands in German Mobile Market with Key Acquisition

freenet AG has announced a strategic move to bolster its position in the German mobile market through the acquisition of mobilezone Deutschland. This acquisition includes 100% of shares in mobilezone Deutschland GmbH and its significant subsidiaries. In 2024, mobilezone Deutschland accomplished over one million customer contracts, marking it as a leading independent telecommunications entity in Germany, with revenues nearing EUR 780 million.

This acquisition is part of freenet's strategy to enhance its distribution network, supported by a five-year extension of its partnership with MediaMarktSaturn. This partnership ensures freenet remains the exclusive distributor for its mobile products in MediaMarkt and Saturn outlets across Germany, promising strategic sales growth from 2026.

The acquisition, slated for completion in late 2025, requires standard antitrust approvals, with a purchase price set at approximately EUR 230 million. Financing will come through secured credit lines, as affirmed by freenet's CFO, Ingo Arnold.