TELE COLUMBUS AG (FRA:DE000TCA) Tele Columbus AG: Broadband expansion kicks off in Leipzig

Transparency directive : regulatory news

21/07/2021 14:45

DGAP-News: Tele Columbus AG / Key word(s): Tender Offer/Agreement
Tele Columbus AG: Broadband expansion kicks off in Leipzig

21.07.2021 / 14:45
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE

Fibre optic for gigabit-speed internet

Broadband expansion kicks off in Leipzig

- Fibre-optic network expansion begins in Hohenheida

- First connections to be activated in 2021

- High-speed internet for private households, companies and schools

Leipzig/Berlin, 21 July 2021. The city of Leipzig and HL komm Telekommunikations GmbH (PŸUR Business), a subsidiary of Tele Columbus AG, today symbolically kicked off their optical fibre network expansion project in Leipzig. The first connections are scheduled to go online still this year. Civil works as part of the expansion projects announced by the city of Leipzig will continue until mid-2022 and will enable private households, companies and schools to connect to a powerful fibre-optic network offering bandwidths of up to 1 Gbit/s.

"The expansion project in Leipzig is another piece in the puzzle when it comes to providing the entire state with broadband internet service," says Martin Dulig, Minister of Economy, Labour and Transport for the state of Saxony. "Roughly 2,800 additional new connections are being laid. This is an important project for the future that makes living and working in communities outside the city centre even more attractive - for school students, businesspeople and citizens. I am therefore pleased that the state has been able to support this project with funding of nearly EUR 9.2 million."

The city formed three lots within the invitation to tender as part of the funded broadband expansion project. PŸUR Business was awarded the contract for two of these lots. The broadband expansion efforts were officially kicked off in Hohenheida-Gottscheina, a part of Leipzig currently underserved by fast internet, where some 400 fibre to the building (FTTB) connections are now planned. In the future, the connection to the PŸUR Business fibre-optic network will make it possible for residents and business to take advantage of gigabit internet speeds.

"Today's symbolic turning of the first sod not only marks the start of Hohenheida's digital future, it is also a signal for Leipzig as a whole that we are closing the gaps in our data networks - for people, for schools and for Leipzig's business community," says Clemens Schülke, Acting Head of the city of Leipzig's Office of Economic Development.

In addition to the work under way in Hohenheida and Gottscheina, PŸUR Business is working with Netz Leipzig GmbH, a company of Leipziger Gruppe, to connect some 150 schools throughout the city. The additional expansion project will give all public and private schools without a fibre-optic connection access to the broadband network, allowing them to do a better job of meeting the challenges of the digital world going forward. The expertise of both companies will be combined optimally during implementation. While Netz Leipzig will be responsible for operating the passive infrastructure, PŸUR Business will focus on providing services, sales, billing and customer support.

"Powerful broadband connections are growing ever more important, not only for private consumers, but also for companies and educational institutions in particular," says Richard Fahringer, Managing Director of HL komm. "We look forward to helping a growing number of people enjoy the advantages of high-speed internet through the future-proof fibre-optic network expansion for the city of Leipzig. The technological groundwork that we are laying as a regional partner for network infrastructure and digitalisation projects in Leipzig will meet the growing needs for excellent broadband services for decades to come."

About us

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.

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


21.07.2021 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.
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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: 1220642

 
End of News DGAP News Service

1220642  21.07.2021 

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