The job cuts at the end Freenet is bigger than many expected. That make it especially now how small the margin for Freenet CEO Eckhard Spoerr has become.
At first glance, the deep incision as a result of the interaction of walking Freenet and Debitel explain. In fact, this is only a part of the truth. Spoerr is equal in front of a whole mountain of problems to which he initially only with strict austerity can respond.
For one he has with its major investors, United Internet and Permira überworfen. On the other hand, the Debitel takeover him a total debt of 1.3 billion euro brings. Financial crisis in the press these liabilities doubly strong. And going to be in this situation where he basically alone with the integration of the major mobile operator Debitel in the small cnet employed clearly should be, is his master plan in smoke. To finance the recent takeover Spoerr really wanted to sell broadband business. That, however, wants no more. Recently, United Internet has even added to the door.
Nobody wants money currently in hand to a shop to buy its value in the opinion of many competitors, is extremely doubtful. The acquisition of AOL by Hansenet has shown how difficult it is to non-customers into its own stock to be drawn.
Spoerr now runs the time like this. The number of broadband customers melts steadily and fast. Meanwhile, there are only about one million. The only way out lies in a lower price.
At first glance, the deep incision as a result of the interaction of walking Freenet and Debitel explain. In fact, this is only a part of the truth. Spoerr is equal in front of a whole mountain of problems to which he initially only with strict austerity can respond.
For one he has with its major investors, United Internet and Permira überworfen. On the other hand, the Debitel takeover him a total debt of 1.3 billion euro brings. Financial crisis in the press these liabilities doubly strong. And going to be in this situation where he basically alone with the integration of the major mobile operator Debitel in the small cnet employed clearly should be, is his master plan in smoke. To finance the recent takeover Spoerr really wanted to sell broadband business. That, however, wants no more. Recently, United Internet has even added to the door.
Nobody wants money currently in hand to a shop to buy its value in the opinion of many competitors, is extremely doubtful. The acquisition of AOL by Hansenet has shown how difficult it is to non-customers into its own stock to be drawn.
Spoerr now runs the time like this. The number of broadband customers melts steadily and fast. Meanwhile, there are only about one million. The only way out lies in a lower price.
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