TeleGeography Logo

United Internet sells directly held shares in freenet

27 Aug 2009

German broadband operator United Internet has announced it has sold 10,798,817 directly held shares in multi-service operator (MSO) freenet, corresponding to 8.43% of voting rights. The proceeds from the sale amounted to EUR93.95 million (USD134 million), corresponding to a price of EUR8.70 per share. Together with Drillisch, United Internet continues to hold 12,751,183 shares (9.96% of voting rights) in freenet via the jointly held company MSP Holding, in which each company holds a 50% stake. The contractual voting commitment between United Internet and Drillisch remains unchanged, so that the share of voting rights held by United Internet is still around 17% after the sale of the freenet shares.

Germany, 1&1 (formerly 1&1 Drillisch), freenet, United Internet

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.