The German cable operator Tele Columbus has issued a positive assessment of the first six months under a new ownership structure and its prospects for the future. In a statement, the company says it has shown a positive interim performance, adding that with the approval of the lenders, its balance sheet is being restructured to allow it to achieve its growth potential going forward. It also says that the company achieved its operating goals and slightly exceeded its revenue and earning forecasts in the months up to May this year.
Tele Columbus strengthened its position as the leading multimedia provider in the first six months of 2010, finalising new contracts with the housing industry for upgrading over 25,000 households with internet and telephony. It has also become an innovator in HDTV, with the first hybrid HD hard disk receivers and private HD programmes from RTL and ProSiebenSat.1 feeding into its network. The company’s plans for later this year include the launch of an interactive customer portal and broadband internet access at speeds of up to 100 Mbps.
