freenet forecasts synergies from debitel merger of USD273 million

13 Feb 2009

German multi-service operator (MSO) freenet forecasts synergies of EUR212 million (USD273.9 million) in 2011 from its merger with debitel, according to Joachim Preisig, the chief operations and integrations officer of freenet. In the years following 2011, he has predicted annual synergies of EUR100 million. freenet became the country’s third largest mobile service provider through its takeover of rival mobile virtual network operator (MVNO) debitel in July 2008, with a subscriber base of 19.9 million at the end of the third quarter of 2008, up from 5.9 million three months earlier.

Germany, debitel, freenet