Key milestone towards strategic repositioning
- Tele Columbus opens its broadband network
- Corporation agreement covers all broadband speed tiers
- Wholesale agreement ensures additional profitable revenue growth
Berlin / Munich, 30 October 2019. Tele Columbus and Telefónica Deutschland have entered into an agreement which will allow o2 to market its broadband products on Tele Columbus‘ fibre-based infrastructure. The basis for this agreement is Tele Columbus‘ IP-enabled network of around 2.3 million homes connected in Germany.
By partnering with Telefónica Deutschland, amongst others the housing associations supplied by Tele Columbus will benefit from this agreement as it will allow their tenants to choose from an increased product offering on Tele Columbus‘ network.
Following the successfully finalised integration which led to today’s Tele Columbus Group as well as the continuous investments into the future-proof fibre-based infrastructure, the Company possesses a state-of-the-art nation-wide network offering highest bandwidth.
Timm Degenhardt, CEO of Tele Columbus AG emphasises: „Opening the networks is a key milestone for Tele Columbus on the way to its strategic repositioning. The additional revenue streams will allow us continue to invest into the fibre build-out for our housing industry customers and infrastructure partners. Through the cooperation with Telefónica Deutschland we are providing an important contribution to Germany’s competitive positioning.“
About Tele Columbus
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.
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