freenet AG

freenet AG

freenet AG

Overview
Date Founded

1996

Headquarters

Local Court Kiel,HRB 7306,Büdelsdorf, Schleswig-Holstein 24782

Type of Company

Public

Employees (Worldwide)

4,113

Industries

Cable, Satellite, and Radio Telecommunications

Company Description

freenet AG is a holding company which engages in the provision of telecommunication services. It operates through the following business segments: Mobile Communications, TV and Media, and Other/Holding segments. The Mobile Communications segment is comprised of the original communications activities but also the growth are of internet-based mobile applications, such as the digital lifestyle products. The TV and Media segment is consist of all services relations to IPTV, the planning, project management and establishment, operation, service and the marketing of broadcast-related solutions for business clients in the radio and media sector as well as DVB-t2 services to end users. The Other/Holding segment includes the other business activities in addition to operating activities, mainly the holding activities of the company as well as entries which cannot be clearly allocated to a separate segment. The company was founded on April 15, 2005 and is headquartered in Büdelsdorf, Germany.

Executives & Employees

Chief Executive Officer

Chief Financial Officer

Chief Technology Officer

Head, Human Resources Management

Corporate Counsel

General Manager-Communications

Head-Group Human Resources

Public Relations Officer

Professional

Professional

Executive Board

Chief Financial Officer at freenet AG

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Owners & Shareholders
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FvS is an active manager which utilizes their core values of diversification, quality, flexibility, solvency and value to construct portfolios invested in equity, fixed-income, money-market instruments and derivatives across regions and sectors. They work with clients to develop an investment strategy using special funds or customized mandates, offering clear investment guidelines, risk management, securities dealing via a network of international brokers with reporting and independent control throughout the entire process.The firm's global equity funds target large companies with stable profits, companies with attractive dividend profiles, companies with a proven business model, opportunities with small caps or companies that are restructuring and a small- and mid-cap companies. To determine if a company has an attractive stock market valuation, they employ their in-house CaRat (cash-flow rating) valuation model to select individual stocks, evaluating cash flows that the company is expected to generate on a sustainable basis in relation to the total value of the company.For bonds and convertibles, FvS focuses on government bonds, covered bonds and corporate bonds. They hedge foreign currency risks and select stocks based on fundamental analysis utilizing in-house research tools. They invest in investment-grade and lower-rated bonds and may selectively enter foreign currency risks. Their currency diversification bonds do not hedge currency risks against the euro and employ in-house fundamental research to select currency areas. For global convertible bonds they may combine bonds and call options and hedge foreign currency risks, typically focusing on European convertible bonds.For multi-asset, they invest mainly in shares and bonds with an attractive risk/reward profile and in precious metals. No investment lower limits or benchmark are defined and investment decisions are based on diversification. The investment process is fundamental-driven. Strategy, derived from the macroeconomic environment, and stock selection determine the allocation. They utilize the CaRat model to identify investments.For their SICAV range they invest in global equities, bonds, convertible bonds, currencies, precious metals and investment funds according to the principle of risk diversification. Derivatives may be used for hedging purposes or to optimize income and a percentage of the portfolio may be invested in equities. When selecting individual stocks, they employ rating models developed in-house.

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Polaris Capital Management (PCM) is a global and international value equity manager. The firm employs an unconstrained pure value equity selection process that is characterized as an active, all-cap (multi-cap) global investment strategy. Portfolio construction attempts to balance the capitalization ranges subject to the firm's value discipline. When constructing portfolios, PCM seeks to achieve better than benchmark returns with lower than benchmark risk where risk is measured as the beta of inception-to-date returns relative to the benchmark of the strategy. To achieve this risk objective portfolios are constructed to diversify the portfolio in at least 15 industry groups, 15 countries and across market capitalizations. There is no restriction on country or industry weightings. Portfolios will have exposure to emerging markets with a maximum of 25% portfolio weighting. Typically, global or international portfolios hold 75 or 50 securities respectively. Portfolios are equally weighted at purchase, and may grow to approximately 5% of portfolio assets before being trimmed. Most investments are held for three to five years resulting in low portfolio turnover. In the portfolio construction process, PCM seeks to include a broad range of market-caps in the portfolio but does not attempt to override the results of the bottom-up investment process.

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Shareholder Value Management advises the Frankfurter Aktienfonds für Stiftungen, the Share Value Stiftung and the Shareholder Value Beteiligungen AG. The firm specializes in actively managing investments in European and global small-cap stocks with emphasis on companies in German speaking countries which promise a high dividend yield.

Recent Transactions
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Econocom Group SE purchases Energy Net GmbH from freenet AG

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freenet AG, mobilcom-debitel GmbH purchase Media Broadcast GmbH

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freenet AG purchases Sunrise Communications Group AG

Transaction Advisors
Investment Advisor

Advised onfreenet AG purchases debitel AG from Permira Advisers LLP

Legal Advisor

Advised onfreenet AG purchases debitel AG from Permira Advisers LLP

Legal Advisor

Advised onVATAS Holding GmbH, Sapinda International Ltd. purchase freenet AG from TPG Capital LLC, TPG - Axon Management LP

Legal Advisor

Advised onfreenet AG purchases debitel AG from Permira Advisers LLP

Associate

Advised onfreenet AG purchases debitel AG from Permira Advisers LLP

Legal Advisor

Advised onfreenet AG purchases debitel AG from Permira Advisers LLP

Clients

Qurate Retail, Inc. engages in the business of video and on-line commerce industries. The firm's principal businesses and assets include its significant consolidated subsidiaries: QVC, Inc., Backcountry.com, Inc., Bodybuilding.com LLC, CommerceHub and Evite, Inc and its equity affiliates Expedia, Inc., HSN, Inc., FTD Companies, Inc., Interval Leisure Group, Inc. and LendingTree, Inc. It operates through the following segments: Skyhook, Charter, Corporate, and Other. The Skyhook segment offers precision location solution and geospatial insights product. The Charter segment includes an equity method investment that is one of the providers of cable services in the United States, offering a variety of entertainment, information and communications solutions to residential and commercial customers. The company was founded on March 28, 1991 and is headquartered in Englewood, CO.

Telefónica is one of the world leaders integrated operator in the telecommunication sector, providing communication, information and entertainment solutions, with presence in Europe and Latin America. Telefónica has one of the most international profiles in the sector with 76% of its business outside its home market and a reference point in the Spanish and Portuguese speaking market. In Latin America, Telefónica gives service to more than 211.9 million customers as of the end of December 2012 becoming the leader operator in Brazil, Argentina, Chile and Peru and has substantial operations in Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Mexico, Nicaragua, Panama, Puerto Rico, Uruguay and Venezuela. In Europe, on top of the Spanish operations, the Company has operating companies in the United Kingdom, Ireland, Germany, Czech Republic and Slovakia, providing services to more than 103.1 million customers as of the end of December 2012. Telefónica stands in seventh position in the sector Telco worldwide in terms of market capitalisation the 1st as an European integrated operator and in eighteenth position in the Eurostoxx 50 ranking, composed of the major companies in Europe (December 31st 2012). Telefónica is listed on the main Spanish and foreign stock markets and has 1.5 million direct shareholders according to separate records in favour of individuals and corporations. As of December 2012, Telefónica’s total number of customers amounted to 315.7 millions.

Key Stats and Financials As of 2017
Market Capitalization
$2.53B
Total Enterprise Value
$5.33B
Earnings Per Share
$2.24
Revenue
$3.51B
Net Profit
$287M
EBITDA
$354M
EBITDAMargin
10.1%
Total Debt
$1.67B
Total Equity
$1.46B
Enterprise Value Sales
1.52x
Enterprise Value EBITDAOperating
15.04x
TEVNet Income
18.58x
Debt TEV
0.31x
Three Year Compounded Annual Growth Rate Of Revenue
4.87%
Five Year Compounded Annual Growth Rate Of Revenue
2.57%
Suppliers
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Apple, Inc. Other Manufacturing | Cupertino, CA

Apple, Inc. engages in the design, manufacture, and marketing of mobile communication, media devices, personal computers, and portable digital music players. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes both North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries not included in the reportable operating segments of the company. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak on April 1, 1976 and is headquartered in Cupertino, CA.

Deutsche Telekom AG Cable, Satellite, and Radio Telecommunications | Bonn, NW

Deutsche Telekom AG engages in the provision of telecommunication and information technology services. It operates through the following segments: Germany, United States, Europe, and Systems Solutions, and Group Headquarters and Group Services. The Germany segment comprises all fixed-network and mobile activities. The United States segment combines all mobile activities in the U.S. market. The Europe segment encompasses all fixed-network and mobile operations of the national companies in Greece, Romania, Hungary, Poland, the Czech Republic, Croatia, the Netherlands, Slovakia, Austria, Albania, the F.Y.R.O. Macedonia, and Montenegro. The Systems Solutions segment offers integrated solutions for fixed and mobile networks, highly secure data centers, and comprehensive cloud ecosystem made up of standardized platforms, and global partnerships. The Group Headquarters and Group Services segment focuses on board department such as gloabl network factory, and group technology unit as well as the Pan-Net industries. The company was founded on January 2, 1995 and is headquartered in Bonn, Germany.

Competitors
Vodafone Group Plc Wireless Telecommunications - Newbury, BR

Vodafone Group Plc engages in the provision of telecommunications services. It operates through the following geographical segments: Germany, Italy, United Kingdom, Spain, and Other Europe. The firm focuses on small and medium sized enterprises; large and multinational corporates; and carrier services. It also intends to invest in the growth areas of communications, cloud and hosting, internet of things, security, and fixed connectivity. The company was founded on July 17, 1984 and is headquartered in Newbury, the United Kingdom.

1&1 Drillisch AG Other Business & Consulting Services - Maintal, HE

1&1 Drillisch AG provides telecommunication services. Its services include postpaid and prepaid as well as landline and DSL products and related applications such as home networking, online storage, telephony, video on demand and other. It operates through the following brands: 1&1, yourfone, smartmobil.de, maXXim, simply, helloMobil, McSIM, Phonex, sim.de, eteleon, discoTEL, discoPLUS, discoSURF, DeutschlandSIM, winSIM, PremiumSIM, M2M-Mobil, and GTCom. The company was founded in 1997 and is headquartered in Maintal, Germany.

Deutsche Telekom AG Cable, Satellite, and Radio Telecommunications - Bonn, NW

Deutsche Telekom AG engages in the provision of telecommunication and information technology services. It operates through the following segments: Germany, United States, Europe, and Systems Solutions, and Group Headquarters and Group Services. The Germany segment comprises all fixed-network and mobile activities. The United States segment combines all mobile activities in the U.S. market. The Europe segment encompasses all fixed-network and mobile operations of the national companies in Greece, Romania, Hungary, Poland, the Czech Republic, Croatia, the Netherlands, Slovakia, Austria, Albania, the F.Y.R.O. Macedonia, and Montenegro. The Systems Solutions segment offers integrated solutions for fixed and mobile networks, highly secure data centers, and comprehensive cloud ecosystem made up of standardized platforms, and global partnerships. The Group Headquarters and Group Services segment focuses on board department such as gloabl network factory, and group technology unit as well as the Pan-Net industries. The company was founded on January 2, 1995 and is headquartered in Bonn, Germany.