mobilezone acquires Digital Republic and strengthens its MVNO business – and enters the IoT market - Seite 2

The company also offers corporate customers flexible and easily scalable offerings as well as customised solutions for their IoT devices. IoT is becoming increasingly important in almost all industries. Digital Republic creates the basis for new, innovative business models with smart mobile connectivity. 

Digital Republic was founded in 2016 by Ali Soy and Marco Arnold and will continue to be managed by them within the mobilezone Group. For the 2022 financial year, the profitable company expects revenues of CHF 4.5 million. It employs around 20 people and is headquartered in Zurich. 

Both parties have agreed not to disclose the financial details of the transaction. Closing is planned for the beginning of January 2023. The purchase price will be financed from the company's own funds and using existing credit lines.

The Board of Directors still intends to maintain the current dividend policy and to distribute 60 to 75 per cent of net profit to shareholders in the form of dividends and to return excess capital below a net debt/EBITDA of 1 to shareholders through special dividends or share buybacks. The share buyback programme for 2022 to 2025 will be suspended for 2023.

A dividend of CHF 0.90 (previous year: CHF 0.84) per registered share will be proposed to the Annual General Meeting on 5 April 2023.

A video conference for investors, analysts and media representatives will be held tomorrow, Friday, 23 December 2022 at 9:15 a.m (in German only). You can register to participate in the video conference (via MS Teams) here. You will then receive a link to participate.

Ad hoc announcement pursuant to art. 53 LR

Contact for analysts, investors and media representatives
Markus Bernhard
Chief Executive Officer
mobilezone holding ag
[e-mail]

About mobilezone
Founded in 1999, mobilezone holding ag is the leading independent Swiss and German telecoms specialist with sales of CHF 982 million and a net profit of CHF 50.7 million in the reporting year 2021. The registered shares of mobilezone holding ag (MOZN) are traded on the SIX Swiss Exchange AG.