United Internet and 1&1 AG have agreed on an intra-group sale of 100 per cent United Internet Management, including its wholly owned subsidiary 1&1 Versatel, to 1&1 AG.

The purchase price amounts to approx. €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 €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, including a loan obligation of €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 says it 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 from November 30th.

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Tags: 1&1, united