Tele Columbus goes public

Germany’s third-largest cable company Tele Columbus has been converted into a joint-stock company, effective September 12.

The Berlin-based company (now officially Tele Columbus AG) has been working towards a change in its structure for the past few years. “The new legal form also gives us more flexibility for additional growth and the future development of Tele Columbus”, says Ronny Verhelst, CEO of Tele Columbus AG. He will, together with Frank Posnanski, the CFO of Tele Columbus, form the Executive Board of Tele Columbus AG. Together with Stefan Beberweil (CCO) and Reinhard Sauer (CTO) they will form the extended management team of Tele Columbus AG.”

At the end of 2013, about 1.75 million connected households in Germany use Tele Columbus’ 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.

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