Ceconomy is Europe’s biggest consumer electronics retailer.

On Wednesday, Freenet, a German telecom company stated, it continues to remain committed to its investment in Ceconomy, Europe’s biggest consumer electronics retailer.

Its commitment is despite issues which prompted the departure of its chief executive last month.

“I still believe in the company,” said Christoph Vilanek, Freenet’s Chief Executive Officer in an interview while adding that the firm was sticking to its around 9% stake in the company that it took in June via a rights issue.