1&1

The 1&1 subsidiary Versatel plans to cut around 350 of 1,350 jobs by 2027, thereby eliminating one in four positions. The reductions are intended to be socially responsible via a voluntary program; hierarchy levels will be reduced and management structures simplified. 1&1 expects one-off restructuring costs of around €60 million in the current year and anticipates an improved annual result of about €25 million from 2028 to strengthen its investment base. » Mere på heise.de

Telekom subsidiary 1&1 cut its EBITDA forecast for 2026 from €800 million to €740 million because of a restructuring program at business-customer unit Versatel. The program foresees reductions in organization, processes and personnel, with headcount set to fall from around 1,350 to about 1,000, triggering one-off operational expenses of roughly €60 million this year. Excluding these one-off charges, 1&1 is holding to an adjusted EBITDA target of €800 million; from 2028 the measures are expected to deliver annualized savings of around €25 million. In after-hours trading the 1&1 share fell by about 4 percent. » Mere på wiwo.de

The 1&1 share rose by up to 6.5% to €20.30 on Tuesday morning after it emerged that United Internet and CEO Ralph Dommermuth had placed a buy order for up to 6 million 1&1 shares with a term until 30 June 2027. The order is to be executed under market-friendly conditions and signals that United Internet intends to raise its current 86.46% stake to around 90% in the medium term, potentially enabling a squeeze-out of minority shareholders. United Internet shares consequently gained about 2%. » Mere på de.investing.com