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    TC1   DE000TCAG172

TELE COLUMBUS AG

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Tele Columbus AG: Gemeinnützige Baugenossenschaft Bergedorf-Bille eG and Tele Columbus extend partnership

12/15/2020 | 04:01am EST

DGAP-News: Tele Columbus AG / Key word(s): Agreement/Sales Result
Tele Columbus AG: Gemeinnützige Baugenossenschaft Bergedorf-Bille eG and Tele Columbus extend partnership

15.12.2020 / 10:00
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE
 

Television, internet and telephony for Hamburg
 

Gemeinnützige Baugenossenschaft Bergedorf-Bille eG and Tele Columbus extend partnership
 

- Contract extension for 9,500 homes

- Telemetry gateway upgrades for all buildings

- FTTH concept for all new-build projects
 

Berlin, 15 December 2020. Tele Columbus and Gemeinnützige Baugenossenschaft Bergedorf-Bille eG have agreed to continue their successful partnership. The contract extension means that Tele Columbus and its brand P?UR will continue to supply around 9,500 homes managed by the housing association. In future, tenants will be supplied with an expanded range of television, internet and telephony services through the Tele Columbus Group network at no extra cost.

As part of the fibre to the building (FTTB) concept, optical fibre lines have already been installed in the basements of the association's buildings. From there, ethernet-based, gigabit-capacity internet connections run through to the apartments, providing symmetrical upload and download bandwidth of up to 500 Mbit/s since 2016. The contract extension will also see all buildings fitted with telemetry gateways in heating and building services rooms. Besides monitoring and controlling systems, the gateways will additionally make it possible to provide and use smart meters, photovoltaic connectivity, parcel drop boxes, electric vehicle charging stations and lock systems, to name just a few examples.

New buildings constructed by the housing association are set to be fitted with future-proof fibre to the home (FTTH) technology, allowing tenants to connect to the Tele Columbus network through optical fibre lines directly in their homes. This concept opens the door to bandwidths significantly higher than 1 Gbit/s, depending on demand. By implementing these upgrades in existing buildings, Gemeinnützige Baugenossenschaft Bergedorf-Bille eG has opted for state-of-the-art network supply standards that, thanks to the gigabit capacity, can be easily adapted to the rising bandwidth demands of tenants.

The concession agreement has been prolonged on a multi-year bulk basis translating into attractive conditions for the tenants when it comes to their TV supply.

The conclusion of a service agreement also provides additional improvements to customer service options and the products marketed in Hamburg.
 

About us

Tele Columbus AG is one of Germany's leading fibre network operators which reaches more than 3 million homes. Via its brand P?UR, 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 and a member of the SDAX.
 

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
Senior Director Investor Relations
Phone +49 (30) 3388 1781
Fax +49 (30) 3388 9 1999
ir@telecolumbus.de
www.telecolumbus.com


15.12.2020 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.
Archive at www.dgap.de


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: ir@telecolumbus.de
Internet: www.telecolumbus.com
ISIN: DE000TCAG172
WKN: TCAG17
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1154992

 
End of News DGAP News Service

1154992  15.12.2020 

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© EQS 2020
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