Wednesday, November 4, 2009

Telefónica to Acquire Hansenet in Germany for EUR 900 Million

Telefónica will acquire Hansenet from Telecom Italia for EUR 900 million in cash. Telefónica will add new fixed and mobile subscribers, making Telefónica O2 Germany the number three player in the German telecommunications market. The combination of both companies annual revenue will amount to almost five billion euros. The transaction is subject to approval from the relevant competition authorities and is expected to be finalized during the first quarter of 2010.

After the acquisition is finalized, Telefonica O2 Germany will add Hansenet's DSL customers which currently stand at around 2.2 million and will also strength the capability to serve bundle-offers of mobile and fixed net products. Telefónica will therefore become a leading integrated telecommunication provider in Germany with 15 million mobile and 2.4 million DSL customers in the country.

See also