PRESS RELEASE: Tele Columbus AG: Eisenbahner-Wohnungsbaugenossenschaft (EWG) and Tele Columbus to build complete fiber optic network for approximately 8,000 homes
DGAP-News: Tele Columbus AG / Keyword (s): Incoming orders / Sales results Tele Columbus AG: Eisenbahner-Wohnungsbaugenossenschaft (EWG) and Tele Columbus will build a complete fiber optic network for approximately 8,000 households 2021- 09-15 / 12: 30 The sender is solely responsible for the content of this advertisement.
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High speed internet for an entire housing co-op
Eisenbahner-Wohnungsbaugenossenschaft (EWG) and Tele Columbus to build a complete fiber optic network for around 8,000 households
– New concession agreement between EWG and Tele Columbus
– Two-phase approach to FTTH coverage
– Gigabit level upload and download speeds
Berlin / Dresden, September 15, 2021. Excavators were on site today to officially launch a project to gradually offer high-speed Internet to tenants of the Eisenbahner-Wohnungsbaugenossenschaft (EWG) housing cooperative in Dresden-Briesnitz. Thanks to an agreement between EWG and fiber optic network operator Tele Columbus, which markets its products under the PYUR brand, residents will have access to a sustainable fiber optic connection. The project will benefit the entire housing cooperative, which rents around 8,000 units in Gorbitz, Briesnitz and other areas of Dresden.
In the future, stable streaming, video conferencing, working from home and home schooling will all be possible at the same time. The new contract also means lower TV bills for tenants from 2023.
EWG has been working for a long time to get high-speed internet for all of its members, which led to it announcing a tender for the housing co-op’s multimedia services. The contract was awarded to Tele Columbus AG. EWG has worked with the supplier for over 20 years and has also partnered with the company to resolve customer service issues.
âThe fast internet means that our members will be well prepared for the advanced digitization of our daily lives in the future,â says Michael Reichel, Chairman of the Board of EWG Dresden eG. âThe urgency became very clear during the lockdown, when every member of the family was looking to use the internet at the same time – for video conferences with colleagues, for going to school from home or for playing HD video games. Being able to do this at the same time without problems in the future will significantly improve the quality of life in our neighborhoods To our knowledge, we are the first housing cooperative in Dresden to launch a project like this for each unit. ”
EWG and Tele Columbus signed a new concession agreement in July 2021 that provides for a two-phase fiber-to-the-home infrastructure upgrade. In a first phase, the existing fiber optic network will be extended to buildings to achieve what is called a “fiber-to-the-building” connection, increasing the download bandwidths available by 400 Mbit / s today. at 1000 Mbps by the end of 2022 and giving EWG tenants access to gigabit Internet services for the first time.
In the second phase, individual units will be connected from 2023. The resulting fiber-to-the-home (FTTH) connection will make gigabit-level simultaneous download and upload speeds a reality. Until now, download speeds have been significantly slower than upload speeds, which means putting data on the internet has taken longer than getting it back. Symmetric bandwidth will ensure that downloads and uploads take the same time in the future.
âAs a housing industry partner with a clear commitment to the expansion of the fiber optic network, we are delighted to have the opportunity to continue our proven partnership with EWG Dresden and would like to express our gratitude for the Trust us, “said RÃ¼diger Schmidt, Sales Director Housing Industry and Infrastructure at Tele Columbus Group. “The new agreement ensures that every resident of every apartment has access to high performance TV and Internet infrastructure. We are confident that the decision to focus on FTTH connections at all levels will pay off for tenants and landlords.”
Tele Columbus AG is one of Germany’s leading fiber network operators serving more than 3 million homes. Through its PYUR brand, the Company offers high-speed Internet access including telephony and more than 250 TV channels. All this through a digital entertainment platform that combines linear television and video on demand entertainment. To its housing association partners, the Tele Columbus Group offers tailor-made cooperation models and cutting-edge services such as telemetry and tenant portals. As a full service partner for municipalities and regional utilities, the Company actively supports the expansion of fiber-based infrastructure and broadband internet in Germany. For its business customers, the Group offers operator services and business solutions on its proprietary fiber network. In addition to its headquarters in Berlin, the company has offices in Hamburg, Leipzig, Ratingen and UnterfÃ¶hring / Munich. Since January 2015, Tele Columbus AG has been a listed company.
This press release may contain forward-looking statements. These statements reflect the Company’s current knowledge, expectations and projections regarding future events. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the statements. prospective. These risks, uncertainties and assumptions may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. In light of these risks and uncertainties, the forward-looking events and circumstances mentioned in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. Therefore, investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this document.
This release contains references to certain non-GAAP financial measures, such as normalized EBITDA and capital expenditures, and operational measures, such as RGUs, ARPU and unique subscriber calculations. These non-GAAP financial and operating measures should not be viewed in isolation as alternatives to measures of the Company’s financial position, results of operations or cash flows as presented in accordance with IFRS. Non-GAAP financial and operational measures used by the Company may differ from and may not be comparable to measures of the same name used by other companies.
All information contained in this press release has been carefully prepared. However, no confidence can be placed for any purpose whatsoever in the information contained in this document or its completeness. No representation or warranty, express or implied, is given by or on behalf of the Company or any of its directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions. contained herein and no liability as to -soever is accepted by the Company or any of its directors, officers or employees or any other person for any loss arising, directly or indirectly, from any use of such information or opinions or arising in any other way in relation to them. The Company assumes no obligation to update or revise the information contained in this press release, including forward-looking statements, whether as a result of new information, future events or otherwise. Contact: Leonhard Bayer Director of Investor Relations Telephone +49 (30) 3388 1781 Fax +49 (30) 3388 9 1999 [email protected] www.telecolumbus.com
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2021-09-15 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this advertisement. DGAP’s distribution services include regulatory announcements, financial / corporate news, and press releases. Archives on www.dgap.de
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Language: English Company: Tele Columbus AG Kaiserin-Augusta-Allee 108 10553 Berlin Germany Phone: +49 (0)30 3388 1781 Fax: +49 (0)30 3388 9 1999 E-mail: [email protected] Internet: www.telecolumbus.com ISIN: DE000TCAG172 WKN: TCAG17 EQS News ID: 1233431 End of News DGAP News Service =------------
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September 15, 2021 06:30 ET (10:30 GMT)