United Internet

United Internet contributes loan receivables to its subsidiary 1&1; in return 1&1 issues new shares. The capital increase is intended to improve the capital structure, raise the equity ratio and create financial room to manoeuvre, particularly for network expansion. On the stock market both companies responded with share price gains. » More on finanzen.net

United Internet swaps a €850.3 million loan to former subsidiary Versatel for a non-cash capital increase at 1&1, raising its stake from 87.2% to 89.3%. The 35.4 million new shares are valued at the closing price of €24.05, which strengthens 1&1’s equity ratio and gives it more room for network expansion. The group has already made acquisitions and up to 4.7 million additional shares could be added by mid-2027. » More on manager-magazin.de

The management board of 1&1 AG has approved a capital increase in kind from authorized capital by 20%. United Internet is participating by contributing a loan claim of EUR 850,237,942.45 against 1&1 Versatel GmbH. In return, United Internet will receive 35,352,929 new 1&1 shares at a notional issue price of EUR 24.05 per share, increasing its shareholding to around 89.32%. The transaction strengthens 1&1’s capital structure and simplifies the group’s internal financing, without any cash outflow for United Internet; an existing order to purchase further 1&1 shares remains unaffected. » More on finanzen.net

United Internet has appointed André Driesen as its new CFO effective 1 November. Carsten Theurer will not extend his contract beyond 31 December 2026 at his own request. Driesen brings experience as former CFO of Drillisch and 1&1 Drillisch in finance, corporate controlling and M&A. The stock initially fell slightly in reaction. » More on finanzen.net

United Internet is launching cost-saving programs at subsidiaries 1&1 and Ionos that will eliminate about 800 jobs in total. For fiscal year 2026, one-off restructuring costs of roughly €95 million are expected to weigh on results; however, the group’s adjusted EBITDA forecast of about €1.45 billion remains unchanged. After the measures are implemented, United Internet expects annual cost savings of around €55 million; at 1&1 the restructuring mainly affects Versatel, where headcount is set to fall from about 1,350 to roughly 1,000 and costs of around €60 million will be incurred this year. » More on t-online.de