CEO: debitel preparing for IPO

5 Feb 2008

German telco and MVNO debitel should be ready for a return to the stock market or to be sold by the end of this year, its chief executive Oliver Steil told the Financial Times Deutschland. The official said that debitel’s earnings before interest, taxes, depreciation and amortisation (EBITDA) margin should climb to around 10% in 2008 from its current level of 7%, as part of the plan to get ready for the stock market. Private equity company Permira acquired debitel in 2004 from Swisscom, for USD767 million.

Germany, debitel