freenet AG operates as Germany's largest network-independent telecommunications provider. The company's business is divided into three main segments: Mobile Communications, TV and Media, and Other/Holding. The Mobile Communications segment, which generates the vast majority of its revenue, focuses on marketing mobile voice and data tariffs, distributing mobile devices, and offering digital lifestyle products. The TV and Media segment provides IPTV services, notably through its waipu.tv platform, as well as DVB-T2 digital antenna television. By utilizing an asset-light business model, freenet purchases wholesale network capacity from major German carriers such as Deutsche Telekom, Vodafone, and Telefónica. This allows the company to offer competitive, convergent service bundles to millions of subscribers while minimizing capital expenditure.
