Tele Columbus secures €100m of new funding for fibre upgrade, new TV platform planned

German cable operator Tele Columbus, which operates under the PŸUR brand, has received binding commitments for additional capital of €100 million to accelerate its growth strategy.

Tele Columbus, like many European cable operator, is banking on accelerating growth by migrating its HFC network to full fibre. The new funding is provided by a subsidiary of the company’s main shareholder.

The new commitments are in addition to a capital increase of €75 million that wasimplemented at the end of 2022. Tele Columbus said its indirect shareholders are prepared to make further investments.

Tele Columbus’s fibre strategy has already been implemented in cities such as Berlin, Potsdam, Leipzig, Munich and Hamburg.

Tele Columbus is currently expanding its existing network at pace to guarantee high-performance, high-speed connectivity via FTTH.

Coax networks in some areas will be upgraded to gigabit speeds, with fibre expanded into homes in a second step.

Tele Columbus also aims to release a new PŸUR TV platform this autumn. It said the focus will be on a comfortable and flexible user experience in terms of access, navigation and content recommendations.

marketing activities for high network utilization are meanwhile being intensified. In total, the company plans to invest over €2 billion in network infrastructure over a period of 10 years.

Markus Oswald, CEO of Tele Columbus AG said: “This is an important step and a clear signal to our partners in the housing industry, to our customers, interested parties and suppliers. With the additional capital available, we will consistently continue on our path to becoming a leading operator of fiber optic networks.”