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Germany’s Freenet is set to acquire transmission company Media Broadcast Group for €295 million to expand into Internet-based TV services.
Under the deal, Freenet’s unit mobilcom-debitel GmbH will buy shares and provide a shareholder loan for the repayment of bank loans.
Broadcast group’s satellite services are not included in the transaction, Freenet said.
If the anti-trust authorities approves the takeover, the acquisition is expected to be completed in April 2016.