17.03.2016 - 23:00 Uhr

freenet AG acquires 23.83 per cent of Sunrise Communications Group AG

Büdelsdorf, 17 March 2016 – Today, freenet AG [ISIN DE000A0Z2ZZ5] signed a contract for the acquisition of 10,721,395 ordinary shares in Sunrise Communications Group AG, Zurich, Switzerland. This constitutes a stake of 23.83 per cent in Sunrise Communications Group AG. Next month, in addition to this, freenet AG is going to acquire a further stake of up to 330,183 shares, or 0.73 per cent of the share capital, in Sunrise Communications Group AG under the same conditions.

The price of acquiring this 23.83% participating interest is around 714 million euros or 72.95 CHF per share in Sunrise Communications Group AG. The dividend for the financial year 2015 will be due to freenet AG. The dividend of 3.00 CHF per no-par-value share with entitlement to dividends that was proposed by the company's board of directors will be the subject of a resolution at Sunrise Communications Group AG's annual general meeting on 15 April 2016.

The investment is cash accretive for freenet. The mobile communications provider is confident that the transaction will have a positive impact on its EBITDA and free cash flow. It is intended that freenet AG's CEO, Christoph Vilanek, as well as the company's CFO, Joachim Preisig, are to be represented on Sunrise Communications Group AG's board of directors. The transaction is expected to be completed soon.

Sunrise is the largest private telecommunications provider in Switzerland and has more than 3 million customers.

Investor Relations:
freenet Aktiengesellschaft
Investor Relations
Deelbögenkamp 4c
22297 Hamburg
Germany
Phone: +49 (0) 40 / 513 06 778
Fax: +49 (0) 40 / 513 06 970
Email: ir@freenet.ag


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