M&A NEWS

United Internet lifts 1&1 stake to 89% in €850m debt-for-equity swap

The parent edges toward the 90% threshold that opens squeeze-out options.

M&A News deals deskTelecoms · Germany5 Oct 2026

United Internet said on 5 October it would contribute an €850m loan claim to 1&1 in return for about 35.4m new shares. Its holding rises to roughly 89.3%.

1&1 AG website: 1und1.ag

Market context

The non-cash capital increase simplifies group financing and supports 1&1's mobile network roll-out. Analysts flagged that crossing 90% would give United Internet more options on 1&1's ownership, though management has not signalled a squeeze-out.