United Internet increases stake in 1 & 1 Drillisch

Company building of United Internet

The Internet company now holds 75.1 percent of its subsidiary 1 & 1 Drillisch.

(Photo: AP)

MunichUnited Internet has his stake in daughter 1 & 1 Drillisch increased after the success of the auction of the 5G mobile radio frequencies. The Internet company had “used the current price level” and now hold 75.1 percent of 1 & 1 Drillisch, who had participated in the frequency auction for the Group, the company said on Wednesday.

Most recently United Internet had reported a share of 73.3 percent. With the acquisition, the company underlines its commitment to the strategy of 1 & 1 Drillisch to build their own, fourth mobile network in Germany, it said in the message.

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