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

TELE COLUMBUS AG

(TC1)
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Delayed Quote. Delayed Xetra - 11/27 11:35:23 am
2.38 EUR   -4.99%
11/16TELE COLUMBUS : Receives a Sell rating from Hauck & Aufhauser
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11/16TELE COLUMBUS : Barclays reiterates its Buy rating
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11/13TELE COLUMBUS : Goldman Sachs remains Neutral
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Tele Columbus AG: Bauverein der Elbgemeinden eG selects Tele Columbus to provide more fibre

10/13/2020 | 03:00am EST

DGAP-News: Tele Columbus AG / Key word(s): Agreement/Miscellaneous
Tele Columbus AG: Bauverein der Elbgemeinden eG selects Tele Columbus to provide more fibre

13.10.2020 / 09:00
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE
 

Smarter, faster, fibre
 

Bauverein der Elbgemeinden eG selects Tele Columbus to provide more fibre
 

- Mandate to provide service to 13,000 households renewed

- Expansion to gigabit upgrades

- FTTH for new building projects

 

Berlin/Hamburg, 13 October 2020. Bauverein der Elbgemeinden eG has renewed its contracts with Tele Columbus AG for the provision of multimedia services to its buildings which accommodate 13,000 apartments. In this context, it was agreed that gigabit and fibre infrastructure would be installed in the properties.

Properties in the association's buildings are supplied via Ethernet and DOCSIS cable technology. At the same time, almost all fibre cables extend to the building basements (fibre-to-the-building). With the renewal of the concession agreements, it was agreed to upgrade properties provided with Ethernet services and increase output reserves in the buildings provided with fibre services in order to offer tenants internet connections with gigabit download speeds. It is also planned to upgrade the building services with facility monitoring and control. For this purpose, telemetry connections will be installed in the utility rooms.

From the outset, the association's new building projects will be connected to the Tele Columbus network via their future-proof FTTH full fibre technology with fibre laid all the way to the individual apartments. Depending on current demand, this configuration will enable bandwidths of well over one gigabit.

With this agreement, Tele Columbus has bolstered its market position in the Hanseatic city while also doing its part to live up to Hamburg's reputation as the city with Germany's fastest internet connections.
 

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


13.10.2020 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: 1140289

 
End of News DGAP News Service

1140289  13.10.2020 

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© EQS 2020
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