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Tele Columbus in “secure position” for future

German cable operator Tele Columbus says it is now in a secure position for the future after its first six months under new ownership and the completion of its financial restructuring.

The operator said it achieved its operating goals and slightly exceeded its revenue and earnings forecasts in the six months to May. “In regard to its earning capacity and investment ability, the Tele Columbus Group is very stable,” said Dietmar Schickel, managing director of the Tele Columbus Group. “The past half-year has shown the value that our operating business can develop in a secure financial framework. Together with our lenders, we will continue on this profitable path with an independent brand and product strategy.”

Tele Columbus is continuing to push the consolidation of its networks and its regional focus on the former East German states, and has recently launched a hybrid HD DVR service and HD services from RTL and ProSiebenSat.1.