Tele Columbus AG

  • WKN: TCAG17
  • ISIN: DE000TCAG172
  • Land: Deutschland

Nachricht vom 30.10.2019 | 11:52

Tele Columbus signs agreement about a long-term wholesale cooperation with Telefónica Deutschland

DGAP-News: Tele Columbus AG / Key word(s): Strategic Company Decision/Alliance

30.10.2019 / 11:52
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE

Key milestone towards strategic repositioning

Tele Columbus signs agreement about a long-term wholesale cooperation with Telefónica Deutschland

  • Tele Columbus opens its broadband network
  • Corporation agreement covers all broadband speed tiers
  • Wholesale agreement ensures additional profitable revenue growth

Berlin / Munich, 30 October 2019. Tele Columbus and Telefónica Deutschland have entered into an agreement which will allow o2 to market its broadband products on Tele Columbus' fibre-based infrastructure. The basis for this agreement is Tele Columbus' IP-enabled network of around 2.3 million homes connected in Germany.

By partnering with Telefónica Deutschland, amongst others the housing associations supplied by Tele Columbus will benefit from this agreement as it will allow their tenants to choose from an increased product offering on Tele Columbus' network.

Following the successfully finalised integration which led to today's Tele Columbus Group as well as the continuous investments into the future-proof fibre-based infrastructure, the Company possesses a state-of-the-art nation-wide network offering highest bandwidth.

Timm Degenhardt, CEO of Tele Columbus AG emphasises: "Opening the networks is a key milestone for Tele Columbus on the way to its strategic repositioning. The additional revenue streams will allow us continue to invest into the fibre build-out for our housing industry customers and infrastructure partners. Through the cooperation with Telefónica Deutschland we are providing an important contribution to Germany's competitive positioning."
 

About us

Tele Columbus AG is one of Germany's leading fibre network operators which reaches more than 3 million homes. Via its brand PŸUR, the Company, offers high-speed internet including telephony and more than 250 TV channels. All of this via a digital entertainment platform that combines linear TV with video on demand entertainment. To its housing association partners the Tele Columbus Group offers tailored models of cooperation and state-of-the-art services such as telemetric and tenant portals. As a full-service partner for municipalities and regional utilities, the Company is actively supporting the fibre-based infrastructure and broadband internet expansion in Germany. For its business customers the Group offers carrier services and corporate solutions on its proprietary fibre network. Besides its headquarter in Berlin, the Company has locations in Hamburg, Leipzig, Ratingen and Unterföhring/Munich. Since January 2015, Tele Columbus AG is listed on the regulated market (Prime Standard) of the Frankfurt Stock exchange.
 

Disclaimer

This release may contain forward-looking statements. These statements reflect the Company's current knowledge and expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Such risks, uncertainties and assumptions may cause our actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. Accordingly, investors are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this document.

This release contains references to certain non-GAAP financial measures, such as Normalized EBITDA and Capex, and operating measures, such as RGUs, ARPU, and Unique Subscribers calculations. These non-GAAP financial and operating measures should not be viewed in isolation as alternatives to measures of the Company's financial condition, results of operations or cash flows as presented in accordance with IFRS. The non-GAAP financial and operating measures used by the Company may differ from, and not be comparable to, similarly titled measures used by other companies.

All information contained in this release has been carefully prepared. However, no reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by or on behalf of the Company or any of its directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability whatsoever is accepted by the Company or any of its directors, officers or employees nor any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith. The Company does not undertake any obligation to update or revise any information contained in this release, including forward-looking statements, whether as a result of new information, future events or otherwise.




Contact:
Silke Bernhardt
Director Corporate Communications
Phone +49 (30) 3388 4177
Fax +49 (30) 3388 9 1999
presse@telecolumbus.de
www.telecolumbus.com


30.10.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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