Tele Columbus AG / Key word(s): Change of Personnel
24-Jul-2017 / 18:46 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
INSIDE INFORMATION
Change in Management Board of Tele Columbus AG
Berlin, 24 July 2017. Tele Columbus AG (ISIN: DE000TCAG172, WKN: TCAG17) announces a change in its management board: Ronny Verhelst (54) who led the company as CEO for nearly seven years since 2011 will leave for personal reasons as of 1 February 2018. He will be succeeded as CEO as of the same date by Timm Degenhardt (48), who is joining from the Swiss telecommunications provider Sunrise Communications AG where he was most recently member of the management board responsible for the consumer business. Timm Degenhardt will already start at Tele Columbus as of 14 August 2017 and will will become member of the Group’s management board as from 1 September 2017 for an initial term of three years until 31 August 2020. Frank Posnanski (50) will continue in his role as CFO and member of the management board.
Information and Explanation of the Issuer to this News:
About Tele Columbus
The SDAX listed Tele Columbus Group is Germany’s third largest cable network operator. Via its origins – individual regional cable network operators that were merged into Tele Columbus – the company dates back to 1972. Today, about 3.6 million connected households in Germany are served by Tele Columbus, primacom, pepcom, Deutsche Telekabel, Martens und KMS with TV signals and, increasingly, digital broadcast packages, Internet and voice connections provided via high-performance broadband cable. As a national provider with a regional focus and a partner of the housing industry, the Group is present throughout its core markets Berlin, Brandenburg, Saxony, Saxony-Anhalt and Thuringia as well as in numerous key regions in western Germany. In tune with current demand trends, the company is upgrading its networks in a hybrid fibre-optic infrastructure for superfast Internet connections of up to several hundred megabits per second with the state-of-the-art Internet transmission standard DOCSIS 3.0. The broadband cable caters to the entire range of innovative media applications from analogous, digital and high-definition TV to high-speed Internet and voice connections to telemetry services, tenant portals and interactive services. Beyond merely transmitting signals, Tele Columbus uses its own product platform in order to actively increase the programme offering and to develop additional services. Via its company HL komm, Tele Columbus also delivers powerful connections and network services to business customers.
Contact:
Hannes Lindhuber
Director Communications
Phone +49 (30) 3388 4170
Fax +49 (30) 3388 9 1999
presse@telecolumbus.de
www.telecolumbus.com
24-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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