Freenet Nabs Debitel
The acquisition, which will be made with a mix of cash, stock, and debt, had been expected as part of the German market's ongoing consolidation process. (See Germany's Mobile M&A.)
Once merged, the company will be Germany's third largest mobile operator, behind T-Mobile International AG and Vodafone Germany , with nearly 19 million wireless customers and annual revenues of around €5.2 billion ($8.1 billion).
— Ray Le Maistre, International News Editor, Light Reading