freenet AG

Share Issue/Capital Change • Mar 20, 2003

News Details

Ad-hoc | 20 March 2003 17:36

freenet.de AG english

freenet.de AG: mobilcom Supervisory Board Authorizes Sale Of Fixed-Line Business Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– freenet.de AG: mobilcom Supervisory Board Authorizes Sale Of Its Fixed-Line Business To freenet.de AG freenet.de AG / Hamburg – In today’s mobilcom AG supervisory board session, the governing body authorized the sale of its fixed-line business to freenet.de AG. “This clear decision by the mobilcom supervisory board is a key step in freenet’s proposed takeover of the fixed-line business on April 01, 2003,” declared freenet.de AG CEO Eckhard Spoerr. The freenet.de AG supervisory board had already given its approval for the transaction. In February 2003, freenet.de AG and mobilcom AG had signed a preliminary contract agreeing to the takeover of mobilcom’s fixed-line business by freenet.de. The preliminary contract was subject to approval by the guarantors, the lending banks and the mobilcom supervisory board. The purchase price is EUR 35 million, payable in four instalments in 2003 and 2004. end of ad-hoc-announcement (c)DGAP 20.03.2003 ——————————————————————————– WKN: 579200; ISIN: DE0005792006; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 201736 Mär 03