Freenet AG (formerly freenet.de AG) is one of the largest independent Germantelecommunications and web content providers. The company was formerly a subsidiary of Mobilcom. In 2004, its EBITDA was 471.5 million euro. In 2007, Freenet.de merged with Mobilcom, a deal which took around two years to complete, and the resulting company changed its name to Freenet AG. In July 2008 Freenet AG acquired debitel AG, another German telecommunications company.