Press release
Berlin, 31 August 2023. The Tele Columbus group has secured a binding shareholder loan commitment from its shareholder, entering into a shareholder loan agreement with an affiliate of its shareholder on 30 August 2023.
In light of the liquidity requirements for Q4 2023 communicated in the group’s Q2 2023 Results Presentation, the shareholder loan, which is subject to certain termination rights, provides the funding that is expected to cover the group’s anticipated upcoming liquidity requirements until the end of 2023. This funding ensures a stable platform for the group to continue both its discussions with its lenders and shareholders in relation to securing the long-term stability of its capital structure and its fibre investment programme as the basis for sustainable future growth.