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

TELE COLUMBUS AG

(TC1)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 12/01 03:58:01 pm
2.348 EUR   +1.87%
11/16TELE COLUMBUS : Receives a Sell rating from Hauck & Aufhauser
MD
11/16TELE COLUMBUS : Barclays reiterates its Buy rating
MD
11/13TELE COLUMBUS : Goldman Sachs remains Neutral
MD
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Tele Columbus : and Chemnitzer Siedlungsgemeinschaft prolong cooperation

06/16/2020 | 04:25am EST

DGAP-News: Tele Columbus AG / Key word(s): Agreement/Alliance
Tele Columbus and Chemnitzer Siedlungsgemeinschaft prolong cooperation

16.06.2020 / 10:19
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE
 

TV, Telephony and Internet for CSG
 

Tele Columbus and Chemnitzer Siedlungsgemeinschaft prolong cooperation
 

- Contract prolongation for around 5,000 homes

- Network expansion of 240 homes planned

- Signal delivery for additional 185 homes
 

Berlin/Chemnitz, 16. June 2020. The successful cooperation between Tele
Columbus and Chemnitzer Siedlungsgemeinschaft (CSG) will be continued. In relation to a prolongation agreement, Tele Columbus continuous to be the supplier for TV, Telephony and Internet for around 5,000 homes. Moreover an additional 240 homes will be connected as well going forward.

Based on this contract prolongation Chemnitz remains one of the largest multimedia networks within the Tele Columbus Group in the federal state of Saxony. Chemnitzer Siedlungsgemeinschaft and Tele Columbus Group agreed on the terms for prolonging to supply around 5,000 homes. Furthermore 240 new homes will be connected and in 185 homes Tele Columbus will be the new signal supplier and ensure a smooth handover for the tenants.

Tele Columbus' network was upgraded with fibre last year and allows households access to digital radio and TV channels as well as fixed-line telephony and high-speed internet of up to 400 mbit/s.

"We are very happy to continue the successful cooperation with Chemnitzer Siedlungsgemeinschaft and would like to use this opportunity to thank our partners for their continued trust", states Rüdiger Schmidt, Chief Sales Officer Housing Industry and Infrastructure at Tele Columbus AG.

"The value of a state-of-the-art fibre-based infrastructure on our premises has steadily increased over the past years. With Tele Columbus we have a partner on our side that significantly supports us in the digitalisation of our cooperative", explains Ringo Lottig, member of the management board of Chemnitzer Siedlungsgemeinschaft.
 

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


16.06.2020 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
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1070775

 
End of News DGAP News Service

1070775  16.06.2020 

fncls.ssp?fn=show_t_gif&application_id=1070775&application_name=news&site_id=zonebourse

© EQS 2020
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Sales 2020 473 M 571 M 571 M
Net income 2020 -9,39 M -11,3 M -11,3 M
Net Debt 2020 1 410 M 1 702 M 1 702 M
P/E ratio 2020 -30,9x
Yield 2020 -
Capitalization 297 M 358 M 359 M
EV / Sales 2020 3,61x
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Free-Float 50,1%
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Technical analysis trends TELE COLUMBUS AG
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 7
Average target price 3,14 €
Last Close Price 2,33 €
Spread / Highest target 136%
Spread / Average Target 34,9%
Spread / Lowest Target -27,0%
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M. M. Daniel Jurg Ritz Chief Executive Officer
Volker Ruloff Chairman-Supervisory Board
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