Law.com: Inside Germany’s Most Profitable Law Firm, M&A Powerhouse Hengeler Mueller
26 September 2025
freenet DLS GmbH, a wholly owned subsidiary of freenet AG [ISIN DE000A0Z2ZZ5], today signed a purchase agreement for the acquisition of 100 per cent of the shares in mobilezone Deutschland GmbH, Cologne, as well as the operating subsidiaries of materiality mobilezone GmbH, Cologne, and mobilezone exchange GmbH, Bochum.
With over one million contracts concluded annually, around 300 employees and sites in Cologne, Bochum and Münster, mobilezone Deutschland is one of the leading independent telecommunications providers in Germany. With strong brands such as Sparhandy, Deinhandy, Handystar and HIGH, the company generated revenues of almost EUR 780 million and EBITDA of approximately EUR 30 million in 2024.
The acquisition is subject to the usual antitrust approvals. Upon completion of the transaction, a purchase price of approximately EUR 230 million will be payable. The transaction is expected to be completed in the fourth quarter of 2025.
Hengeler Mueller team for freenet
Corporate/M&A: Jens Wenzel (Berlin), Frank Burmeister (Frankfurt, both lead, both partner), Hermann Dahlitz (Berlin), Jean Friedrich Härtelt (Frankfurt, both senior associate), Tobias Ponßen, Marie Schäfer (both associate, both Berlin),
Employment: Hendrik Bockenheimer (partner), Susanne Walzer (senior associate, both Frankfurt),
Tax: Sebastian Adam (partner), Samuel Goldmann (associate, both Frankfurt),
IP/IT: Matthias Rothkopf (partner), Nina Mackenstedt (associate, both Düsseldorf),
Regulatory: Albrecht Conrad (partner, London), Gesa Tamcke, Lukas von Ditfurth, Marion Schmidt (all associate, all Berlin),
Antitrust: Sarah Milde Lodde (partner, Munich), Wanja Leo Guenther (Düsseldorf), Viola Pless (Munich, both associate).
