mobilcom nets EUR176.1 million for freenet.de

22 Sep 2003

mobilcom has successfully placed 20% of its 73% stake in Germany’s second largest online services provider freenet.de, netting the troubled telecoms company EUR176.1 million. The money will be used to pay off bank debts of EUR117.6 million with the remainder to be spent on expanding mobilcom’s core business as a mobile telecoms service provider.

Germany