MobilCom lenders approve Freenet fixed line takeover

18 Jun 2003

German ISP Freenet [Berlin: FRNG] has said that it is close to the completion of a EUR37.5 million takeover of MobileCom’s [Berlin: MOBGe] fixed line business, after the telco’s lending banks approved the deal. The deal covers MobilCom’s entire network infrastructure, which includes call-by-call telephony and 900,000 pre-selection customers.