Tele Columbus AG: P?UR and ADO Immobilien Management expand partnership further
Best possible multimedia supply for more Berlin households
P?UR and ADO Immobilien Management expand partnership further
- Long-term contract extension for existing properties
- 3,100 homes and commercial properties newly supplied
- Full connection to P?UR's Berlin fibre optic network
Berlin, 8 October 2018. ADO Immobilien Management GmbH and Tele Columbus AG companies have agreed to continue working together to provide properties in Berlin with multimedia access. The agreements mean that supply contracts for 615 residential and commercial units will be extended and 3,113 others will be newly supplied.
With the recently concluded agreements, Tele Columbus AG brand P?UR will be supplying a total of 3,728 residential and commercial units in Berlin belonging to ADO Immobilien Management GmbH. In the future and in accordance with the agreement, all properties will be provided with signals centrally via Tele Columbus's city network in Berlin. This will ensure a standardised product portfolio with the modern tariffs offered by P?UR. This portfolio offers a selection of Internet, telephone and TV packages (Surf & Phone + TV) as well as the popular single tariffs without long contract durations that are available in any combination. In terms of Internet speeds, the portfolio offers speeds of 60 and 120 Mbit/s in the packages and 200 and 400 Mbit/s for the single tariffs.
"We are very happy about these new agreements which shows our customer's trust and confidence towards us. Thereby, we are further expanding our partnership with ADO and making the innovative P?UR products accessible in more Berlin properties," explains Jean Pascal Roux who, as Chief Sales Officer for Housing, Industry and Infrastructure, is responsible for partnerships with the housing sector.
"Nowadays, more and more prospective tenants expect modern multimedia access to be provided as a matter of course and this also plays an increasingly important role in keeping current tenants satisfied," says Eyal Horn, Managing Director of ADO Immobilien Management GmbH. "We were won over by P?UR's services because they will give our tenants access to a fast and future-proof fibre optic network."
The process of connecting all properties supplied by Tele Columbus is expected to begin still in 2018 and to be completed by 2020.
The SDAX-listed Tele Columbus AG serves 3.6 million homes connected thereby being Germany's third-largest cable network operator. Its brand P?UR stands for simplicity, performance and fairness in relation to TV and telecommunication products. Via its state-of-the-art fibre network P?UR 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 P?UR 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.
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 email@example.com www.telecolumbus.com
08.10.2018 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.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: 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: firstname.lastname@example.org 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