At what enterprise value was E-PLUS GROUP acquired in 2014?

During the acquisition of E-PLUS GROUP by TELEFÓNICA DEUTSCHLAND in 2014, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of E-PLUS GROUP when it was acquired by TELEFÓNICA DEUTSCHLAND?

The estimated EV/EBITDA multiple for E-PLUS GROUP is in the range of 5x - 12x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

When was E-PLUS GROUP acquired by TELEFÓNICA DEUTSCHLAND?

E-PLUS GROUP was acquired by TELEFÓNICA DEUTSCHLAND in 2014.

What was the revenue of E-PLUS GROUP at the time of the deal?

The revenue of E-PLUS GROUP at the time of the deal is estimated to be in the range of 2.5b - 5b EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of E-PLUS GROUP during the acquisition?

E-PLUS GROUP's EBITDA is estimated to be in the range of 500M - 1b EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the E-PLUS GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the E-PLUS GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.telefonica.de/news/press-releases-telefonica-germany/2014/10/telefonica-deutschland-completes-acquisition-of-e-plus-group.html

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Home Database TMT (Tech, Media, Telecom)E-PLUS GROUP

10/2014

E-PLUS GROUP acquired by TELEFÓNICA DEUTSCHLAND

GERMANY Telecom / Operators EV 3b - 100b EUR

Context

The transaction involves the 100% equity acquisition of E-Plus Mobilfunk GmbH & Co. KG by Telefónica Deutschland from Dutch telecommunications group KPN. The acquisition marks a significant consolidation wave in the European telecom landscape, reducing the German mobile market from four infrastructure players to three. To clear antitrust scrutiny from the European Commission, the buyer agreed to structural concessions, involving the mandatory sale of 20% of the merged network capacity to a mobile virtual network operator. The corporate combination is designed to extract deep operational synergies and reduce overlapping network maintenance expenditures. The combination unites two separate subscriber portfolios to form the largest mobile provider in Germany by customer accesses, shifting the market balance against Vodafone and Deutsche Telekom. Financial settlement is structured via a cash disbursement combined with the issuance of new shares, resulting in the seller retaining a minority stake in the newly expanded holding company.

E-PLUS GROUP, which reported an EBITDA margin of LOGIN in 2013, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

E-Plus Mobilfunk GmbH & Co. KG, based in Germany, operates as a mobile network carrier providing cellular voice, messaging, and mobile data connectivity to private and commercial subscribers. The operational setup relies on the management of national radio spectrum licenses and a widespread physical grid of base stations running on UMTS and LTE technical standards. Revenue intake is sustained through recurring contract subscriptions and prepaid mobile products distributed under the BASE storefront alongside various secondary and partner brands. Customer retention is driven by the structural integration of cellular connectivity into daily consumer habits, creating low voluntary churn across the subscriber base. The business model is protected by strict regulatory barriers, as the Federal Network Agency controls spectrum allocation and limits the marketplace to a handful of licensed infrastructure operators. The high capital expenditure required to replicate a nationwide cellular grid creates an insurmountable barrier for new entrants, insulating the company's regional market share from outside competition.

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REFERENCES

Valuation range: EV 3b - 100b EUR

Revenue range: 2.5b - 5b EUR

EBITDA range: 500M - 1b EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of E-PLUS GROUP by TELEFÓNICA DEUTSCHLAND are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: e-plus group

Acquirer: telefónica deutschland