Media Broadcast Group company logo

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media-broadcast.com

Founded Year

1961

Stage

Acquired | Acquired

Valuation

$0000 

About Media Broadcast Group

Media Broadcast Group is a service provider for the broadcasting and media industry. The company plans, sets up and operates multimedia transmission platforms for TV and radio on the basis of modern station, cable and satellite networks.

Media Broadcast Group Headquarter Location

Erna-Scheffler-StraBe 1

Nordrhein-Westfalen, 51103,

Germany

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Latest Media Broadcast Group News

freenet : acquires Media Broadcast Group (DGAP Adhoc)

Mar 3, 2016

, along with further subsidiaries and equityholdings. Media Broadcast's Satellite business unit ( Media BroadcastSatellite GmbH and Media Broadcast Satellite Services GmbH ) is not includedin the acquisition.The acquisition is subject to the usual approval by the anti-trustauthorities. With the execution of the transaction mobilcom-debitel GmbHwill provide approx. 295 million euros for business shares and ashareholder loan as well as for the repayment of bank liabilities. Thetransaction is expected to be completed in April 2016 at the latest.In connection with the stake in eXaring AG, acquired in advance, theacquisition of Media Broadcast Group represents an important addition aspart of freenet AG's strategic development to become the leading digitallifestyle provider in Germany . Entering the new area of linear andinternet-based television will open up the possibility for the company todiversify further within the Digital Lifestyle business and cultivate newgrowth potential and sources of income. In total, freenet AG expects apositive contribution to Group revenue, EBITDA and free cash flow from bothtransactions.Investor Relations:freenet AktiengesellschaftInvestor RelationsDeelbögenkamp 4c22297 HamburgGermanyPhone: +49 (0) 40 / 513 06 778Fax: +49 (0) 40 / 513 06 970Email: ir@freenet.ag 03.03.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de---------------------------------------------------------------------------Language: EnglishCompany: freenet AG

  • When was Media Broadcast Group founded?

    Media Broadcast Group was founded in 1961.

  • Where is Media Broadcast Group's headquarters?

    Media Broadcast Group's headquarters is located at Erna-Scheffler-StraBe 1, Nordrhein-Westfalen.

  • What is Media Broadcast Group's latest funding round?

    Media Broadcast Group's latest funding round is Acquired.

  • Who are the investors of Media Broadcast Group?

    Investors of Media Broadcast Group include TDF Group and freenet.

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