Tele Columbus AG

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

Nachricht vom 19.09.2019 | 14:30

Tele Columbus AG: Wohnbau Frankfurt (Oder) and Tele Columbus prolong cooperation

DGAP-News: Tele Columbus AG / Key word(s): Sales Result

19.09.2019 / 14:30
The issuer is solely responsible for the content of this announcement.


Further Extension of Fibre planned

Wohnbau Frankfurt (Oder) and Tele Columbus prolong cooperation

- TV and Internet Supply for more than 6,700 Homes

- FTTB Expansion and new in-house Switches planned

- PŸUR Internet with up to 400 Mbit/s

Berlin / Frankfurt (Oder), 19 September 2019. FAKS GmbH, a subsidiary of Tele Columbus AG, and the Wohnungsbaugenossenschaft Frankfurt (Oder) eG agreed on a prolongation of their cooperation. Tele Columbus AG, one of Germany's leading fibre network operators, will continue to supply the more than 6,700 homes of the housing association with TV, high-speed internet and telephony via its brand PŸUR.

The newly agreed contract stipulates that between 2019 and 2021 additional premises located in Schulstraße and Große Scharrnstraße will be upgraded with fibre. The buildings will receive a FTTB (fibre-in-the-building) connection as well as an entire upgrade of the existing in-house wiring. In parallel the buildings will also receive so-called speed pipes. This lays the basis for an eventual upgrade to FTTH (fibre-to-the-home) at a later date without any further invasive construction activity.

Already today, the mentioned premises are supplied with bandwidths of up to 400 Mbit/s. Following these upgrades, the multimedia network will be technically able to receive bandwidths in the gigabit range of 1.000 Mbit/s and more.

"Based on the prolongation with FAKS, we are able to supply every apartment and every tenant with a state-of-the-art TV and internet infrastructure", states Dr. Michaela Schmitz-Schlär, Chief Executive Officer of the Wohnungsbaugenossenschaft Frankfurt (Oder) eG. "We are happy to continue the existing cooperation with the Tele Columbus Group and its brand PŸUR under new and now even better auspices".

"Our ongoing investments into fibre technology form a good fundament in order to supply the Wohnungsbaugenossenschaft Frankfurt with a state-of-the-art multimedia supply, offering both a capable infrastructure and customer oriented products, thereby enhancing the value of living", comments Rüdiger Schmidt, Chief Sales Officer Housing Industry & Infrastructure at Tele Columbus AG.

About Tele Columbus

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.


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.

Silke Bernhardt
Director Corporate Communications
Phone +49 (30) 3388 4177
Fax +49 (30) 3388 9 1999

19.09.2019 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.

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