DGAP-News

Tele Columbus is moving ahead with plans for IPO

DGAP-News: Tele Columbus AG / Key word(s): IPO
Tele Columbus is moving ahead with plans for IPO

02.01.2015 / 08:04

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PRESS RELEASE

Tele Columbus is moving ahead with plans for Initial Public Offering

- Initial listing on the Prime Standard of the Frankfurt Stock Exchange
targeted for the first half of 2015

- IPO proceeds will be used to provide more financial flexibility for the
Company to continue executing its growth strategy

- Revenue and EBITDA growth in the first nine-months of 2014 demonstrates
the continued success of the Company's strategy

- Tele Columbus is well positioned to take advantage of the growth
opportunities in Germany, one of Europe's most attractive cable markets

Berlin, 2 January 2015. Tele Columbus AG ("Tele Columbus" or the
"Company"), the third-largest German cable network operator, is moving
ahead with its plans for an Initial Public Offering ("IPO"). Tele Columbus
intends to list its shares on the regulated market (Prime Standard) of the
Frankfurt Stock Exchange in the first half of 2015, market conditions
permitting. The IPO will consist of new shares from a capital increase as
well as shares from existing shareholders through a holding company. Tele
Columbus expects the primary proceeds from the offering to be around EUR
300 million excluding potential greenshoe proceeds of up to 10% of primary
base offering. The Company intends to use the major part of the proceeds to
reduce its current financial indebtedness and provide more financial
flexibility to continue executing its growth strategy.

Tele Columbus provides a variety of attractive television and
telecommunication services to its customers including basic cable
television, premium television packages as well as Internet and Telephony
services. With c.1.7 million connected households, Tele Columbus is the
third largest cable network operator in Germany, Europe's largest cable
market. The Company has leading market positions in its core regions in
Eastern Germany, with market shares of c.66% in Saxony-Anhalt and c.40% in
Berlin-Brandenburg in 2013. The Company also operates successfully in
selected regions in Western Germany, primarily in North-Rhine Westphalia
and Hesse.

Tele Columbus has a stable and attractive customer base that ensures