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MarketScreener Homepage  >  Equities  >  Xetra  >  Tele Columbus AG    TC1   DE000TCAG172

TELE COLUMBUS AG

(TC1)
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Tele Columbus : and UNITAS sign prolongation agreement

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07/16/2019 | 07:05am EDT

DGAP-News: Tele Columbus AG / Key word(s): Sales Result
Tele Columbus and UNITAS sign prolongation agreement

16.07.2019 / 13:00
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE
 

TV, Internet and Telephony for 4,500 households in Leipzig
 

Tele Columbus and UNITAS sign prolongation agreement
 

Berlin, 16 July 2019. The Leipzig-based housing association UNITAS eG and Tele Columbus, one of Germany's leading fibre network operators, signed a prolongation agreement. In more than 4,500 households Tele Columbus will continue to offer high-speed Internet, fixed-line Telephony and a wide range of TV products on its HFC broadband network at attractive terms via its brand P?UR. Moreover, 850 apartments will be prepared for a direct fibre connection (FTTH).
 

The relationship between UNITAS and the Tele Columbus Group stretches back to 1990. Over the years the TV offering increased from around 30 analogue channels back then to now up to 250 digital programmes, with many of them in HD quality via consecutive network upgrades. Broadband internet via the HFC network was introduced in Leipzig in 1999. Today all UNITAS premises served by Tele Columbus are able to receive download speeds of up to 400 Mbit/s.
 

"We are thankful for UNITAS renewed trust and the proven cooperation", states Rüdiger Schmidt, Chief Sales Officer Housing Industry & Infrastructure der Tele Columbus AG, in light of the signing of this prolongation agreement. "Tele Columbus will ensure that all premises of UNITAS have access to state-of-the-art infrastructure ranging from attractively-priced basic cable TV up to high-speed broadband internet and thereby meeting the demands of all tenants".

 

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.
 

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:
Silke Bernhardt
Director Corporate Communications
Phone +49 (30) 3388 4177
Fax +49 (30) 3388 9 1999
presse@telecolumbus.de
www.telecolumbus.com


16.07.2019 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.

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 4177
Fax: +49 (0)30 3388 9 1999
E-mail: silke.bernhardt@pyur.com
Internet: www.telecolumbus.com
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: 841905

 
End of News DGAP News Service

841905  16.07.2019 

fncls.ssp?fn=show_t_gif&application_id=841905&application_name=news&site_id=zonebourse

© EQS 2019
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EBIT 2019 54,0 M
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P/E ratio 2020 12,2x
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