TC1 Tele Columbus AG

DGAP-News: Tele Columbus AG: WOGETRA Leipzig and Tele Columbus agree Prolongation

DGAP-News: Tele Columbus AG / Key word(s): Agreement/Alliance
Tele Columbus AG: WOGETRA Leipzig and Tele Columbus agree Prolongation

20.03.2020 / 10:50
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE
 

Network Upgrade for more than 7,000 homes in Leipzig
 

WOGETRA Leipzig and Tele Columbus agree Prolongation
 

- Optimised broadband supply for more than 7,000 homes

- Future-proof fibre network with 1006 Mhz of bandwidth

- New multimedia sockets increase signal reliability
 

Berlin / Leipzig, 20. March 2020. WOGETRA eG Leipzig and Tele Columbus, a leading fibre network operator in Germany, agreed on prolonging their cooperation. With its brand PŸUR, Tele Columbus will continue to provide high-speed Internet, Telephony and an extensive TV offering to more than 7,000 households at attractive rates. Moreover, all WOGETRA premises will be upgraded to FTTB (fibre to the building) with fibre connections directly into the buildings.
 

All homes connected will be supplied with new multimedia sockets which will allow for a direct modem connection and thereby reduce potential TV signal interferences. This will significantly improve the signal reliability for broadband connections.
 

"With the new agreement we can supply all tenants with a state-of-the-art TV and broadband infrastructure", states Béla Hambuch, Member of the Board of WOGETRA. "Therefore we are very happy to continue working together with the Tele Columbus Group and its brand PŸUR".
 

"Our ongoing investments into fibre form a future-proof basis in order to offering
WOGETRA a multimedia supply which is state-of-the-art", comments Rüdiger Schmidt, Chief Sales Officer Housing Industry & Infrastructure at Tele Columbus AG. "Besides the sheer performance of the infrastructure we are contributing to increase the value of living on the premises via our customer-centred products".
 

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:
Leonhard Bayer
Director Investor Relations
Phone +49 (30) 3388 1781
Fax +49 (30) 3388 9 1999



20.03.2020 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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Language: English
Company: Tele Columbus AG
Kaiserin-Augusta-Allee 108
10553 Berlin
Germany
Phone: +49 (0)30 3388 1781
Fax: +49 (0)30 3388 9 1999
E-mail:
Internet:
ISIN: DE000TCAG172
WKN: TCAG17
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1002749

 
End of News DGAP News Service

1002749  20.03.2020 

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EN
20/03/2020

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