German cable operator Tele Columbus has taken over several smaller operators and cable networks in April and May 2015, thereby adding a total of more than 30,000 households in Eastern Germany and federal state Lower Saxony to its customer base.
Financial details of the transactions have not been disclosed. A large part of the acquired households have already been upgraded with a return channel, technically enabling internet and telephony services.
Tele Columbus wants to connect the new assets to its own central signal contribution and expand the product portfolio available to the customers.
In total, Tele Columbus serves 1.7 million households. In the medium term, the company wants to equip 70% of its network with a return channel and connect it to its signal contribution.
“The consolidation of the German cable market continues – and, as the third largest German provider, Tele Columbus plays an important role in this,” Ronny Verhelst, CEO of Tele Columbus, said in Berlin. “In addition to growing our product lines, we will continue to use our financial flexibility to tap into the enormous potential created by the merger of cable networks.”
