freenet post-paid subscriber loss less than expected

German mobile service provider freenet has announced its preliminary financial results for the year ended 31 December 2011, posting group revenues of EUR3.217 billion (USD4.29 billion), compared to EUR3.339 billion in 2010. The company said that group earnings before interest, tax, depreciation and amortisation (EBITDA) totalled EUR337.4 million in full-year 2011, up slightly from EUR334.9 million in the year-ago period. Net profit rose 28% from EUR112.5 million in 2010 to EUR114 million twelve months later

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OVETEL freenet post-paid subscriber loss less than expected