mobilcom and freenet.de agree merger terms

11 Jul 2005

Mobile reseller mobilcom and internet service provider freenet.de have agreed terms for a formal merger of their German operations. The companies are part of the mobilcom group, but have separate listings on the German stock exchange. Under the terms of the tie-up agreement, 1.15 shares in the new company will be issued for each freenet.de share, and one share in the new venture will be issued for each mobilcom share. The merger is subject to clearance from the merger auditor and will not affect freenet.de’s plans to pay a dividend in 2004, writes Telecompaper.

Germany, freenet, mobilcom