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Tag: tele columbus
Tele Columbus to introduce 400 Mbps connections in Potsdam
2015-01-12 12:31:00| Telecompaper Headlines
(Telecompaper) Tele Columbus announced it will launch a new internet service on 1 April with download speeds of up to 400 Mbps. The new service will be first introduced in the region of Potsdam where 40,000 households are connected to Tele Columbus' network. The cable network operator has been expanding its network using a hybrid fibre coaxial structure and FTTB. Prices for the 400-megabit product will be announced for the market launch in April. A roll-out of the service to further regions is planned, an exact timetable is still to be set.
Tags: connections
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Tele Columbus to raise EUR 300 mln in IPO in H1
2015-01-02 12:11:00| Telecompaper Headlines
(Telecompaper) Germany's third largest cable operator, Tele Columbus, expects to launch an initial public offering (IPO) in the first half of 2015, according to news agency dpa-AFX. The company said it plans to raise approximately EUR 300 million, chiefly to reduce its debt in order to enable investments in growth. There will also be a greenshoe option. Tele Columbus has approximately 1.7 million households connected to its network.
Tele Columbus plans IPO by year-end
2014-09-30 09:50:00| Telecompaper Headlines
(Telecompaper) Tele Columbus, Germany's third-largest cable operator, announced plans for an initial public offering by year-end. It plans to raise at least EUR 300 million to help reduce debt and provide cash for expansion. The IPO will be accompanied by a debt refinancing aimed at reducing interest expense and lowering net debt to around 3.5 times adjusted EBITDA. The offering on the Frankfurt Stock Exchange will include new shares and shares from existing shareholders. Active in east Germany, Tele Columbus has around 1.7 million households connected to its network. Since a propsoed merger with Kabel Deutschland was vetoed by regulators last year, Tele Columbus has been expanding through small acquisitions.
Kabel Deutschland abandons Tele Columbus deal
2013-09-24 15:15:00| Telecompaper Headlines
(Telecompaper) German cable network operator Kabel Deutschland has finally abandoned its plans to acquire rival Tele Columbus, Reuters reports. A Kabel Deutschland spokesperson said that it had withdrawn its appeal against a Federal Cartel Office decision to block the takeover. The spokesperson said that it did not want a protracted legal battle following its takeover by Vodafone Group.
Tags: deutschland
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Cartel Office blocks Kabel Deutschland, Tele Columbus deal
2013-02-19 11:15:00| Telecompaper Headlines
(Telecompaper) Germany's Federal Cartel Office has rejected a remedy package offered by German cable network operator Kabel Deutschland for its proposed acquisition of rival Tele Columbus. Kabel Deutschland offered to divest Tele Columbus networks in the cities of Berlin, Dresden and Cottbus. However, the Cartel Office wants the company to divest around 60 percent of Tele Columbus networks in Eastern Germany, twice as many as offered by Kabel Deutschland. Kabel Deutschland believes that these demands are not commercially reasonable and now expects the takeover to be blocked by the regulator. It said it will instead focus on exploiting organic growth potential, focusing on internet, phone and premium TV services. Kabel Deutschland first announced the proposed takeover last May, for EUR 603 million. In December 2012, the regulator raised objections, and in January, the operator offered to sell some of the Tele Columbus assets to gain approval.
Tags: office
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