Tele Columbus expands cable footprint by over 30,000 households

5 Jun 2015

German cable operator Tele Columbus says it significantly expanded its network portfolio in April and May 2015 with the acquisition of several small operators and cable networks. Over 30,000 connected households in eastern Germany and Lower Saxony have been taken on as part of various transactions; most of the households already have two-way capability and are therefore technically equipped for the provision of internet and telephony services via cable connection. Tele Columbus noted that the newly acquired networks are mainly located in its core regions and require little investment, while the holding in Lower Saxony also provides a starting point for additional growth beyond the company’s core regions in East and West Germany.

‘The consolidation of the German cable market continues and, as the third largest German provider, Tele Columbus plays an important role in this,’ commented Ronny Verhelst, CEO of the Tele Columbus Group, adding: ‘In addition to growing our product lines, we will continue to use our financial flexibility to tap into the enormous potential created by the merge of cable networks. In doing so, however, we are not investing at any price, only where – from an economic and strategic perspective – we can foreseeably create maximum added value for the company, our housing industry partners and our investors.’

Tele Columbus supplies around 1.7 million connected households with TV, internet, telephony and additional services via cable connection. As a partner to housing associations, local communities and consumers, the company has so far been mainly operating in the federal states of Berlin, Brandenburg, Saxony, Saxony-Anhalt, Thuringia, North Rhine-Westphalia and Hesse.

Germany, Tele Columbus Group (PYUR)