- 31.01.2007, 19:47:00
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- OTE0004
euro adhoc: freenet.de AG / Mergers - Acquisitions - Takeovers / freenet to acquire Tiscali’s B2C-broadband and -narrowband customer contracts in Germany (E)
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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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31.01.2007
Hamburg / freenet.de AG - freenet.de AG and Tiscali SpA announce that a purchase
agreement has been signed today, under which freenet will acquire Tiscali
Germany’s B2C narrowband and broadband customer relationships. At year-end
2006, Tiscali had around 380,000 active such customers in Germany, of which
approximately one third were broadband customers. The purchase price, which will
be paid in cash, will be based on the number of actual customer numbers at the
time the transaction is completed and is expected to be approx. EUR30 million.
The transaction is also subject to fulfillment of normal closing conditions,
including antitrust approval, and is expected to complete by first quarter of
2007.
Further inquiry note:
Andreas Neumann
Investor Relations
Tel.: +49 (0)40 51306 778
E-Mail: IR@freenet-ag.de
end of announcement euro adhoc 31.01.2007 19:12:51
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emitter: freenet.de AG
Deelbögenkamp 4c
D-22297 Hamburg
phone: +49 (0)40 51306 0
FAX: +49 (0)40 51306 900
mail: ir@freenet-ag.de
WWW: http://www.freenet-ag.de
ISIN: DE0005792006
indexes: TecDAX, CDAX, Prime All Share, HDAX, Technologie All Share, Midcap
Market Index
stockmarkets: regulated dealing/prime standard: Frankfurter Wertpapierbörse,
free trade: Börse Berlin-Bremen, Hamburger Wertpapierbörse,
Baden-Württembergische Wertpapierbörse, Börse Düsseldorf,
Niedersächsische Börse zu Hannover, Bayerische Börse
sector: Online
language: English
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