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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 introduce columbus tele

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.

Tags: in eur raise columbus

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.

Tags: plans columbus tele ipo

TELE System Communications selects iWedia software for MStar-based STB

2014-09-11 20:40:36| Digital TV News

iWedia has announced that TELE System has selected iWedia's Linux-based Teatro-3.0 software solution for a hybrid STB based on MStar's K2 System-on-Chip. The solution will be on show at IBC 2014.

Tags: system software communications tele