Report
Pierre François Merveille

Tele Columbus : Fibre push

Tele Columbus (TC) has started to implement its Fiber Champion strategy in the course of 2021 following the successful takeover of the company by Kublai (MSIP / United Internet) and a subsequent capital raise of € 475m in May 2021. The latter had a positive initial impact on the net leverage (4.9x excluding leases at end-2021 vs 6.3x in 2020), which is set to reverse as a result of investment in opex (personnel and marketing costs) and in capex (upgrade of the HFC network to FTTB...
Underlying
Tele Columbus AG

Tele Columbus AG. Tele Columbus AG is a Germany-based company engaged in the telecommunication and cable television business sector. The Company offers analog cable television (TV), digital TV, Internet access and cable telephony via broadband cable. The service offered by the Company includes digital cable channels, a telephone line or Internet flat rate. There is also a possibility to choose a double flat deal where the client combines a telephone and Internet flat rate or a Sky High Definition (HD). The offers are available in Berlin, Brandenburg, Saxony, Saxony-Anhalt, Thuringia , Saxony and in parts of North Rhine-Westphalia. The subsidiaries of the Company include Tele Columbus Netze Berlin GmbH, pepcom GmbH and Kabelfernsehen Muenchen Servicenter GmbH & Co KG, among others.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Pierre François Merveille

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