UBS has revised its target price for United Internet, lowering it to €23 while maintaining a "buy" recommendation.
Concerns about increasing competition in Germany's mobile market, particularly in the low-cost segment, were highlighted following the latest quarterly results from mobile operators.
Despite these challenges, there is optimism for United Internet and its subsidiary 1&1 due to their long-term mobile partnership with Vodafone, which has been in place for 18 years. This partnership is expected to give them a competitive advantage in the changing market.