International legal practice Norton Rose has advised the shareholders of MOTION TM Vertriebs GmbH based in Troisdorf on the sale of a 51% interest of the company to mobilcom-debitel GmbH, a 100% subsidiary of freenet AG. The sale price remains confidential. The majority participation is still subject to the usual anti-trust approval.

MOTION TM is one of the leading online traders in the area of mobile telephone and telecommunication services. Its distribution partners include, among others, mobilcom-debitel, Vodafone, o2 and T-Mobile. In close collaboration with all network operators and mobile telephone service providers, the online service provider develops individual solutions for its distribution partners, including deliveries logistics through to the end customer. There has already been a close distribution cooperation with mobilcom-debitel GmbH since 2005. The participation is expected to lead to a sustainable extension of the joint business activities. In this way, mobilcom-debitel is extending its sales area in the specialised and online trade.

The following Norton Rose team was involved in the transaction:

Partner: Dirk Otto (M&A and Corporate, Frankfurt).
Associates: Patrick Löffler (Tax, Frankfurt).

http://www.nortonrose.com/news/75735/norton-rose-advises-motion-tm-on-s…