Tele Columbus : Lighten the fiber
Tele Columbus (TC) announced on 21 December 2020 an upcoming takeover bid from Morgan Stanley Infrastructure Partners. The deal is likely to succeed and will be followed by two capital increases of € 475m (H1 2021) and € 75m (timing unknown) respectively that will provide enough headroom to 1/ bring down the leverage to a more prudent level (below 5.0x excluding leases thanks to c. € 250m of proceeds reserved for debt repayments) and 2/ accelerate investments to implement the Fib...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.
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