11.02.2016
Tele Columbus AG DE000TCAG172
DGAP-News: United Internet buys 25.1% stake in Tele Columbus AG
DGAP-News: Tele Columbus AG / Key word(s): Investment
United Internet buys 25.1% stake in Tele Columbus AG
11.02.2016 / 09:30
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
United Internet buys 25.1% stake in Tele Columbus AG
Berlin, 11 February 2016. Tele Columbus AG (ISIN: DE000TCAG172, WKN:
TCAG17), was informed yesterday by United Internet that it had acquired a
stake of 9.8% in Tele Columbus's issued share capital, and signed an
agreement to acquire a further 15.31% stake subject to antitrust approval.
If approval is granted, United Internet would hold a 25.11% stake making it
the biggest shareholder of Tele Columbus. Tele Columbus welcomes its new
shareholder and looks forward to developing a constructive relationship
with United Internet which is beneficial to Tele Columbus, its shareholders
and employees.
About Tele Columbus
The SDAX listed Tele Columbus Group is one of Germany's largest cable
network operators. Via its origins - individual regional cable network
operators that were merged into Tele Columbus - the company dates back to
1972. Today, about 3.6 million connected households in Germany are served
by Tele Columbus, primacom, pepcom, Deutsche Telekabel, Martens und KMS
with TV signals and, increasingly, digital broadcast packages, Internet and
voice connections provided via high-performance broadband cable. As a
national provider with a regional focus and a partner of the housing
industry, the Group is present throughout its core markets Berlin,
Brandenburg, Saxony, Saxony-Anhalt and Thuringia as well as in numerous key
regions in western Germany. In tune with current demand trends, the company
is upgrading its networks in a hybrid fibre-optic infrastructure for
superfast Internet connections of up to several hundred megabits per second
with the state-of-the-art Internet transmission standard DOCSIS 3.0. The
broadband cable caters to the entire range of innovative media applications
from analogous, digital and high-definition TV to high-speed Internet and
voice connections to telemetry services, tenant portals and interactive
services. Beyond merely transmitting signals, Tele Columbus uses its own
product platform in order to actively increase the programme offering and
to develop additional services. Via its company HL komm, Tele Columbus also
delivers powerful connections and network services to business customers.
Press Contact:
Hannes Lindhuber
Phone +49 (30) 3388 4170
Fax +49 (30) 3388 9 1999
[email protected]
www.telecolumbus.de
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11.02.2016 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Tele Columbus AG
Goslarer Ufer 39
10589 Berlin
Germany
Phone: +49 (0)30 3388 4177
Fax: +49 (0)30 3388 9 1999
E-mail: [email protected]
Internet: www.telecolumbus.de
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
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436437 11.02.2016
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