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Freenet considers acquisitions in German OTT market

June 19, 2018 00.24 Europe/London By Jörn Krieger

German media company Freenet is aiming for rapid growth in the OTT market.

“The goal is to reach one million customers as quickly as possible,” Freenet CFO Joachim Preisig told Reuters.

Currently, around 133,000 people pay for internet TV service waipu.tv, operated by Munich-based company Exaring in which Freenet holds a majority stake.

“Over the next three to four years, we want to reach two to three million customers and an operating profit of between €60 and €70 million,” said Preisig. In order to accelerate sales, “we may have to make additional purchases,” he added.

After the acquisition of platform operator Media Broadcast, Freenet is looking for further takeover candidates in Germany. “We have enough capital to get started, but not at any price,” said Preisig.

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Related

Filed Under: Finance, IPTV, Newsline, OTT, Platforms, Streaming Tagged With: eXaring, Freenet, Joachim Preisig, waipu.tv Edited: 19 June 2018 00:26

About Jörn Krieger

Jörn reports on the latest developments in Germany, Austria and Switzerland. Since 1992, he has been working as a freelance journalist, specialised in digital media, broadcast technology, convergence and new markets. He also takes up University lectureships, writes articles in specialist publications, and produces radio reports. Jörn is also a moderator of panel discussions at industry events such as ANGA COM, Medientage München and IFA Berlin.

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