freenet

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Freenet AG (formerly freenet.de AG) is a German telecommunications and web content provider. The company was formerly a subsidiary of Mobilcom. In 2004, its EBITDA was 471.5 million euro. In 2007, Freenet.de merged with Mobilcom, a deal which took around two years to complete, and the resulting company changed its name to Freenet AG. In July 2008 Freenet AG acquired debitel AG, another German telecommunications company.The company was formerly active in the provision of broadband Internet services, but sold this unit to United Internet for €123 million in 2009.

freenet has been a target of short sellers for a while. The current short interest of 1.22% is roughly at the average of the last 12 months (1.28%). Recently, short selling has increased slightly.

History