EANS-News: freenet AG
freenet AG disposes of KielNET holding
25.09.2012 – 15:47
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Strategic management decisions Büdelsdorf, 25 September 2012 (euro adhoc) - freenet AG disposes of KielNET holding - Strategic portfolio streamlining to focus on core businesses of mobile communications and mobile internet - Final consolidation of the 50 percent KielNET holding in Q4 Büdelsdorf, 25 September 2012 - freenet AG takes another step in its strategic portfolio streamlining by selling its 50-percent stake in KielNET GmbH Pending approval by the antitrust authorities, freenet AG has sold its 50-percent shareholding in KielNET GmbH to Versatel Holding GmbH. Further to this transaction, the public utilities company Stadtwerke Kiel is also disposing of its 50-percent holding in the regional telecommunications service provider and carrier. KielNET's range of products and services encompasses telephony, internet, broadband, leased line, hosted PBX and project business. The company, founded in 1996, is a former holding of mobilcom AG. For more information: http://www.freenet-group.de/investor/index.html. Further inquiry note: freenet AG Investor Relations Tel.: +49 (0)40 51306-778 E-Mail: ir@freenet.ag end of announcement euro adhoc -------------------------------------------------------------------------------- company: freenet AG Hollerstraße 126 D-24782 Büdelsdorf phone: +49 (0)4331 691000 mail: ir@freenet.ag WWW: http://www.freenet-group.de sector: Telecommunications ISIN: DE000A0Z2ZZ5 indexes: Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share, Technology All Share stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English