DGAP-News: Tele Columbus AG / Key word(s): Market launch/Alliance
Launch of open access marks milestone in Fiber Champion strategy
Tele Columbus launches marketing with first wholesale partner
- Telefónica initiates marketing activities in the Tele Columbus Group's network
- O2 fixed-line products now available for tenants at properties served by Tele Columbus
- More selection and a wider range of offerings for tenants
Berlin/Munich 14 July 2021. Tele Columbus AG and Telefónica Deutschland (O2) have announced the implementation of their 2019 wholesale agreement. From 21 July 2021, customers will be able to request and subscribe to O2 fixed-line products in the Tele Columbus network. In doing so, Tele Columbus AG is opening up its broadband networks and offering connected end customers the option of selecting products from different providers with peak bandwidths of up to 1,000 Mbit/s.
"The non-discriminatory opening of our networks is an important aspect of our Fiber Champion strategy and means true added value for our housing industry partners and all tenants," says Dr Daniel Ritz, Chief Executive Officer of Tele Columbus AG. "The option of choosing from different product providers increases the attractiveness of Tele Columbus as a service provider and partner for the housing industry while also activating additional demand potential for our broadband infrastructure."
The ability to market its products to the 2.4 million households in Tele Columbus's network allows O2 to reach more than 26 million households with fixed-line services through cable connections. Both sides hope to obtain new marketing momentum by cooperating. As a result, Tele Columbus anticipates higher penetration of IP-based services in its own network, with Telefónica expecting to strengthen its fixed-line business and improve customer loyalty through new bundled products.
Tele Columbus AG is one of Germany's leading fibre network operators which reaches more than 3 million homes. Via its brand PŸUR, 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.
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.
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14.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
Tele Columbus AG
+49 (0)30 3388 1781
+49 (0)30 3388 9 1999
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
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