Monday, 28 May 2018

United Internet scales up with Drillisch merger

By Nick Wood, Total Telecom
Monday 15 May 17

German telco says deal will help it mount challenge to Deutsche Telekom, Telefonica, Vodafone.

United Internet late last week agreed to merge its telco business with mobile player Drillisch, creating a fourth-integrated operator that can compete with Deutsche Telekom, Telefonica and Vodafone. The combined company has 12 million customers and generated €3.2 billion in revenue last year. The deal is expected to generate annual synergies of €150 million by 2020, rising to €250 million by 2025…

United Internet late last week agreed to merge its telco business with mobile player Drillisch, creating a fourth-integrated operator that can compete with Deutsche Telekom, Telefonica and Vodafone. The combined company has 12 million customers and generated €3.2 billion in revenue last year. The deal is expected to generate annual synergies of €150 million by 2020, rising to €250 million by 2025…

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