freenet AG
Company Profile
Business Description
freenet AG is a leading German telecommunications and digital lifestyle provider, specializing in mobile communications, internet, and TV entertainment services. Founded in 1998 as mobilcom by Gerhard Schmid, it pioneered affordable mobile tariffs in the deregulated market, bundling subsidized phones with contracts, and rebranded to freenet AG in 2007 following key mergers with freenet.de and debitel AG. The company operates as Germany's largest network-independent mobile service provider, offering postpaid, prepaid, and no-frills tariffs from all major networks like Deutsche Telekom, Vodafone, and Telefónica, while maintaining direct customer relationships for billing and service. freenet AG has expanded into digital lifestyle offerings, including device insurance, cloud services, music streaming, online fitness, and energy solutions. In TV and media, it is the sole provider of DVB-T2-HD digital antenna TV and operates waipu.tv, an IPTV platform covering 23 million households via fiber-optic infrastructure. With over 10 million total subscribers, including 7.7 million mobile and 2.4 million TV customers as of 2024, freenet AG emphasizes customer-centric, omni-channel distribution, AI-driven CRM, and sustainable growth through high-margin services and operational efficiency in the competitive German market.
Profitability & Growth
Profitability
Recent Year-End
Balance Sheet Snapshot
Total Cash (MRQ)
90.7M
Total Debt (MRQ)
641.6M
Current Ratio (MRQ)
0.66
Book Value / Share
12.43