Tele Columbus reports strong growth
March 21, 2016
German cable provider Tele Columbus has reported strong growth driven by its primacom and pepcom acquisitions. The group reported €278.7 million of revenues for the full year, and in Q4 of the fiscal year 2015, the group reached €96.9 million of revenue.
The new Tele Columbus Group consisting of Tele Columbus, primacom and pepcom represents a strong number three player in the German cable market reaching close to 10 per cent of German homes. As of December 31st and with pepcom consolidated for the first time, the Company served 2.44 million customers, representing 2.46 million Cable TV RGUs (Revenue Generating Units) and 426,000 Premium TV RGUs. In addition, Internet RGUs amounted to 462,000 and Telephony RGUs reached 427,000, an increase of 99,000 and 75,000 compared to the end of September 2015 respectively. Approximately 16,000 Internet net adds in Q4 came from organic growth.
“With the successful consolidation of primacom and pepcom we have set a new starting point for the further development of the company”, says Ronny Verhelst, CEO of Tele Columbus. “While still working consequently on the integration of the three entities we have managed at the same time to successfully pursue our goals and drive innovation of future products and services. This is a remarkable effort by the management team and all employees I am extremely proud of.”