Berlin, November 27, 2025. Kublai GmbH has informed Tele Columbus AG (the “Company”) that it, as the Company’s main shareholder with a stake of approximately 97.67% of the share capital, intends to implement a squeeze-out under stock corporation law in accordance with Sections 327a et seq. AktG (German Stock Corporation Act) and accordingly demands that the Company’s general meeting resolves to transfer the shares of the remaining shareholders (minority shareholders) to Kublai GmbH in return for an appropriate cash compensation.
Once the valuation work, currently being carried out, has been completed, Kublai GmbH will inform about the appropriate cash compensation as part of a second specifying squeeze-out demand.
In accordance with legal requirements, the Company will provide information on the date of the general meeting at which a corresponding transfer resolution is to be adopted and will convene such meeting.
Additionally, Kublai GmbH has informed us that it intends to convert the Company into a GmbH following completion of the squeeze-out.
About Tele Columbus
Tele Columbus AG is one of the leading fiber-optic network operators in Germany with a reach of more than three million households. Under the PΫUR brand, the company offers high-speed Internet including telephone as well as more than 200 TV programs on a digital entertainment platform that combines classic television with video entertainment on demand. On the basis of open networks, the Tele Columbus Group implements customized cooperation models together with the housing industry and municipalities for high-performance supply with gigabit bandwidths via optical fiber to the home (FTTH). Carrier services and business solutions are provided for business customers under the PŸUR Business brand based on the company’s own fiber-optic network and data centers. The subsidiary RFC primarily provides service, maintenance and installation in network levels 2, 3 and 4 throughout Germany. The regional company MDCC provides Magdeburg with multimedia services for business and residential customers. The network of the Tele Columbus Group is completely powered by green electricity. Tele Columbus AG has its headquarters in Berlin and offices in Leipzig, Unterföhring/Munich, Hamburg, Ratingen and Chemnitz.
