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DGAP-News: Tele Columbus AG / Key word(s): Sales Result/Alliance
New building development with fibre optics
Tele Columbus to build fibre optic connections for new Stadtgut Hellersdorf development by GESOBAU AG
- Construction started on networks to residential buildings
- Full fibre connection for about 1,500 new units
Berlin, 27 April 2021. Tele Columbus AG has started developing a network that will allow it to provide fibre optic service to a new construction project in the Stadtgut Hellersdorf development. GESOBAU AG, a Berlin-based municipal housing construction company, is building some 1,500 new affordable units with fibre to the home (FTTH) connections on a site measuring roughly 135,000 m2.
The connection technology for the fibre optic network will already be in place when the first tenants move in to the new units in 2021. The Tele Columbus Group is building the fibre optic network infrastructure up to the buildings. GESOBAU will then take over responsibility for bringing the fibre lines to the individual units.
Along Zossener Strasse and Kastanienallee in the Hellersdorf district, GESOBAU is acting as the lead construction company to develop a vibrant, mixed residential area offering affordable rents for broad segments of the population. A large portion will be available to the Berlin housing market as subsidised apartments. Other units have been set aside for students and seniors.
The new development is exemplary in showing that future-proof fibre connections are possible even in the affordable housing segment. Up to 1 Gbit/s of bandwidth will be available to residents right from the start.
"Digital communications are another crucial factor when it comes to a flat's appeal and improving the amenities available in residential areas. Being able to connect to a state-of-the-art high-speed fibre network will allow our future tenants at Stadtgut Hellersdorf to enjoy all the benefits of the shift to a more digital world," says Jörg Franzen, CEO of GESOBAU AG.
"As a partner to the housing industry with a clear commitment to expanding the fibre optic network, we are really looking forward to connecting GESOBAU's new units to our urban network," says Rüdiger Schmidt, Chief Sales Officer Housing Industry & Digital Infrastructure at Tele Columbus AG. "We're confident that the decision to focus on FTTH connections across the board will pay off for tenants and landlords alike."
The planned network connection will ensure stable, high-performance upload and download service at all times, thereby accommodating the new realities of learning and working and the requirements of modern home entertainment in the long term.
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.
In its role as a municipal housing construction company, GESOBAU actively helps to provide affordable housing for broad segments of the population now and into the future in the growing Berlin market while preserving vibrant neighbourhoods. GESOBAU has been building new properties and expanding its holdings through both new construction and acquisitions since 2014, with the total set to rise to about 52,000 units by 2026. The state-owned company and its subsidiaries currently manage about 44,000 residential units, primarily in the north of Berlin. GESOBAU has made a long-term commitment to good neighbourhoods in its developments. The company supports educational initiatives and schools and works to integrate all people who live in its housing stock into the local community. www.gesobau.de
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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27.04.2021 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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