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mobilezone holding AG ( (CH:MOZN) ) just unveiled an update.
mobilezone holding ag has announced the sale of its German business to freenet DLS GmbH, a subsidiary of freenet AG, as it shifts its focus to the Swiss market. The sale is expected to generate around EUR 230 million, which mobilezone plans to use for inorganic growth in Switzerland and debt reduction. This strategic move aims to strengthen mobilezone’s market position in Switzerland, enhance its margin profile, and maintain its attractive dividend policy. The transaction is pending approval from the Federal Cartel Office and is expected to be completed by the end of 2025.
More about mobilezone holding AG
Founded in 1999, mobilezone holding ag is a leading independent telecom specialist in Switzerland and Germany, offering a wide range of mobile phones, tariff plans, digital TV, and internet services. The company provides independent advice and services for both private and business customers, including repair services and the supply of specialist retailers, through online platforms and over 125 shops in Switzerland.
Average Trading Volume: 88,634
Current Market Cap: CHF484.2M
For detailed information about MOZN stock, go to TipRanks’ Stock Analysis page.