Press Release: High-speed internet for Households owned by Brune Real Estate in Duisburg
Fibre lines by Tele Columbus for the Zinkhüttenpark
High-speed internet for Households owned by Brune Real Estate in Duisburg
Berlin, 15 August 2019. Tenants in the housing areas at the Zinkhüttenplatz, in Duisburg will soon be able to surf at high speeds: The landlord Brune Real Estate AG and Tele Columbus AG reached an agreement to connect the Zinkhüttenpark to the fibre network of Tele Columbus. Thereby, high-speed internet with up to 400 Mbit/s will be available soon, on top of the digital TV products already existing.
The area of the Zinkhüttenpark in Duisburg gained attention some years ago, when the area was supposed to be torn down for the construction of a Factory Outlet Centre, with many tenants of the 400 flats being subject to depletion already. Instead, Walter Brune acquired the real estate and developed it to the attractive living area it is today. To further increase the attractiveness of the area, Tele Columbus now connects the buildings to its fibre network in Duisburg. This enables tenants to access the internet with up to 400 Mbit/s.
Tele Columbus was able to connect the buildings swiftly and with few construction work involved due to other scheduled network extensions performed in Duisburg over the last 12 months, creating a high performing fibre network. Besides the retail offers, business customers can subscribe for up to 1 Gigabit/s in customised solutions.
Christopher Brune, CEO of Brune Real Estate Management AG, welcomed the extension of the fibre network to the buildings of the Zinkhüttenpark: "We already proved our focus on living quality and high standards for the tenants by countless actions. High-speed broadband connections for work, education or entertainment are part of the basic requirement of a flat today. We are therefore pleased by Tele Columbus' ability to meet highest demands with customised offers."
Tele Columbus AG is one of Germany's leading fibre network operators which reaches more than 3 million homes. Via its brand P?UR, 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.
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 (0)30 3388 1781 firstname.lastname@example.org Silke Bernhardt Director Corporate Communications Phone +49 (0)30 3388 email@example.com
15.08.2019 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 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 857921 End of News DGAP News Service