freenet AG (OTCPK:FRTAY)
$ 14.7 0 (0%) Market Cap: 3.50 Bil Enterprise Value: 3.60 Bil PE Ratio: 13.85 PB Ratio: 2.20 GF Score: 63/100

Half Year 2024 freenet AG Earnings Call Transcript

Aug 08, 2024 / 08:00AM GMT
Release Date Price: $13.15
Christoph Vilanek
freenet AG - Chairman of the Executive Board, Chief Executive Officer

Good morning, everybody. Thanks for joining today's call. You have all most likely read our announcement. And as always, we will now go through some of the details and are happy to answer your questions.

When I prepared myself this morning, I made a note and said it's no real news, but it's good news. I think that is really the message from this quarter. You have read and heard a couple of weeks ago that we have concluded, with all three networks operators, long term agreements. We are finally expanding the 5G mobile tariff portfolio across all three networks for our customers, which will enable a couple of new campaigns in Q3 and Q4, which I will give a bit more detail in a second.

We've been very successful with our IPTV development in terms of net adds and also in terms of new agreements. And we have also no real surprise and no real news, but confirmation of the fact that we have shut down Gravis. It is not included anymore in all the numbers. Let me also say that the related cash flow and the

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