A converter for symmetrical reactive power compensation has phase legs whose associated phases of a three-phase AC voltage network can be connected and are interconnected in an insulated star connection. The first phase leg is devoid of sub modules. The second and third phase legs each has a phase module with series-connected bipolar sub modules. A control device controls phase module currents and determines voltages to be set at each phase module. A decoupling unit calculates correction voltages for each phase module as a function of a first connection voltage between the first and second phase legs, a second connection voltage between the second and third phase legs and a first and/or a second control voltage each derived from target currents and the phase module currents of the second or third phase legs. The voltages to be set are derived from the control voltages and correction voltages.