Ad-hoc Disclosure acc. to Art. 17 MAR: United Internet sells 1&1 Versatel to 1&1 AG
United Internet sells 1&1 Versatel to 1&1 AG
Montabaur, November 21, 2025. United Internet AG and 1&1 AG (United Internet stake: 86.46%) have today agreed on an intra-group sale of United Internet Management Holding SE (United Internet stake: 100%), including its wholly owned subsidiary 1&1 Versatel GmbH (as one: 1&1 Versatel), to 1&1 AG.
The purchase price amounts to approx. EUR 1.3 billion. Depending on the future business development of 1&1 Versatel in the years 2027, 2028, and 2029, the purchase price may increase or decrease by up to EUR 300 million. Any such adjustment amount would be due in 2030.
1&1 AG will take over 1&1 Versatel with all assets, in particular the network infrastructure and liabilities, incl. a loan obligation of EUR 950 million to United Internet. This loan remaining with 1&1 Versatel will be secured by a guarantee from 1&1 AG as part of the sale.
The settlement of the purchase price claim for the shares in 1&1 Versatel will be offset against counterclaims of 1&1 AG from a cash management balance as well as through the granting of shareholder loans to 1&1 AG. Consequently, United Internet will not receive any cash inflow from the transaction. Furthermore, the internal transaction will have no impact on United Internet’s full year 2025 guidance.
Through the internal restructuring and the sale of 1&1 Versatel to 1&1 AG, United Internet is combining its activities and expertise in the telecommunications business under the umbrella of 1&1 AG.
The sale of the shares takes economic effect at the end of November 30, 2025.
In the assessment of the Management Board of United Internet, the terms and conditions of the sale are comparable to those of a third-party transaction and are considered appropriate. This assessment has been confirmed by an independent external expert.