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Tele Columbus AG: GESOBAU AG and PŸUR to focus on Gigabit supply

DGAP-News: Tele Columbus AG / Key word(s): Contract/Incoming Orders

28.11.2018 / 16:00
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE
 

Contract prolongation for connecting 16,000 apartments
 

GESOBAU AG and PŸUR to focus on Gigabit supply
 

- PŸUR succeeds in Europe-wide tender

- Fibre roll-out planned for the Gigabit age
 

Berlin, 28 November 2018. The Tele Columbus Group, with its brand PŸUR, succeeded during the process of a Europe-wide tender for the supply of cable contracts by GESOBAU AG (Berlin). Based on this new agreement PŸUR is going to establish a Gigabit network to connect around 16,000 apartments of the municipality-owned housing association.

A seamless fibre connection into the building (FTTB) will become the new technical standard of all premises of GESOBAU. Going forward, each node will supply a maximum of 32 apartments. This will ensure that sufficient bandwidth is reaching each apartment at any given moment. The high degree of supply security guarantees the tenants of GESOBAU a future-proof connection of their premises. The planned construction work requires amongst other the deployment of around 50 kilometers of fibre as well as new active network components which will all be of a 1200 megahertz nature in order to allow for highest bandwidth requirements. This project should be already finished by year-end 2019. Additionally, residential as well as 270 commercial units will be connected with this state-of-the-art access.

"The continuation of the trustworthy cooperation with GESOBAU allows us to prove again the performance of our network infrastructure. We will fulfil our promise towards the housing industry and deliver the bandwidth for the Gigabit age into the living rooms", states Jean-Pascal Roux, Chief Sales Officer Housing Industry & Infrastructure at PŸUR.

"The multimedia and broadband supply via fibre-based networks are a prerequisite for the future way of living in Germany's capital", explains Jörg Franzen, CEO of GESOBAU AG. "In the context of this agreement, we want to expand this aspect also in our cooperation with PŸUR in order to be a trendsetter for our tenants".
 

About us

The SDAX-listed Tele Columbus AG serves around 3.3 million homes connected thereby being Germany's third-largest cable network operator. Its brand PŸUR stands for simplicity, performance and fairness in relation to TV and telecommunication products. Via its state-of-the-art fibre network PŸUR offers high-speed broadband internet including fixed-line telephony as well as more than 250 TV channels on a digital entertainment platform which combines linear TV with streaming services. To its housing association partners PŸUR offers flexible 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 Tele Columbus Group is actively supporting the fibre-based broadband internet expansion in Germany. For its business customers the Group offers carrier services and corporate solutions via its 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 traded on the regulated market (Prime Standard) of the Frankfurt Stock exchange and since June 2015 listed in 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:
Silke Bernhardt
Director Corporate Communications
Phone +49 (30) 3388 4177
Fax +49 (30) 3388 9 1999
presse@telecolumbus.de
www.telecolumbus.com


28.11.2018 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.

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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
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange


 
End of News DGAP News Service


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