Telefónica reaches an agreement with Telecom Italia to acquire HanseNet

-Once the transaction is finalized, Telefónica will become the number three player in the German telecommunications market
-Telefónica will add new fixed and mobile capabilities taking a leading position as an integrated operator
MADRID/MUNICH/LONDON. Telefónica S.A. and Telecom Italia have today signed an agreement for the acquisition of HanseNet for a firm value of 900 million Euros in an all cash transaction. Once the acquisition of the DSL-provider is finalized, Telefónica O2 Germany will become the number three player in the German market in terms of revenue. The combination of both companies annual revenue will amount to almost five billion Euros. The transaction is subject to the signature of the definitive agreements and the approval from the relevant competition authorities and is expected to be finalized during the first quarter of 2010.
"As one of the leading DSL-providers in Germany, HanseNet is a perfect match for O2. Both companies are defined by a challenger spirit and have proven success stories in their fields", said René Schuster, CEO of Telefónica O2 Germany. "The arrival of HanseNet to the Telefónica family would be a huge step forward as an integrated telecommunication provider." After the acquisition is finalized, Telefónica 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.
Telefónica O2 Germany GmbH & Co. OHG belongs to Telefónica Europe and is part of the Spanish telecommunication group Telefónica S.A. The Company offers its German private and business customers postpaid and prepaid mobile telecom products as well as innovative mobile data services based on the GPRS and UMTS technologies. In addition, the integrated communications provider also offers DSL fixed network telephony and high-speed internet. Telefónica Europe has about 48 million mobile and fixed network customers in Great Britain, Ireland, the Czech Republic, Slovakia and Germany. About HanseNet The HanseNet telecommunication company was founded in Hamburg at 1995. HanseNet operates for 2,282 million private and business customers a high modern communication network and offers one stop mobile phone, landline as well as broadband - and internet services. The turnover could increase in the last four years from 161,1 million ( 2004) to 1,190 billion Euro (2008). Exclusive shareholder is Telecom Italia. Alice is available in more and more regions. More information about HanseNet, their brands Alice and SPARKLE you 'll find under or