These little wires determine the fate of Proximus, Telenet and your telecom bill – Business

This week, Trends takes a closer look at the most important revolution in the Belgian telecommunications landscape. For years there was no discussion: Telenet has the fastest network for fixed internet. But now Proximus is investing €5bn to renew its copper telephone connections via lightning-fast fiber optics. Proximus and alternative operators will then be able to compete with Telenet for the first time.

Investments in fiber optics are, at the moment, as expensive and at least as important for the Belgian economy as the Antwerp Oosterweel works. Exactly how it happens remains a mystery to economists, but the ubiquitous ultrafast internet is making countries grow faster. Belgium already scores well in terms of average internet speed, but lives off older connections in the consumer market. In Europe and the rest of the world people are already busy installing fiber optic connections, so Belgium is being overtaken.

Fiber optics is not only a crucial file for our general prosperity, but it is also very important for our telecommunications bill. Trends already wrote it a few months ago and the regulator BIPT confirmed it again yesterday in an extensive study: consumers are too ignorant and choose a more expensive offer out of convenience or ignorance. Almost any family can easily save hundreds or even hundreds of dollars by better shopping around. The BIPT website besttariff.be is a useful tool for this.

What does the extra competition mean to you?

Telenet, the fixed Internet market leader in Flanders, is getting more competition because Proximus is the driving force behind a new network of fiber optic connections. That network is open, in addition to Proximus, many alternative operators without their own network are eager. For the first time since the advent of broadband Internet, Proximus and company will be able to offer the same network speed and quality. In this week’s cover story, Trends looks at the consequences for the Flemish telecommunications market, what additional competition means for you.

There’s a third reason Trends is now approaching fiber investments. Telenet and infrastructure manager Fluvius are still discussing fiber optics. The largest network of fiber optic connections in Flanders will be Fiberklaar for the time being. This is a collaboration between Proximus and the specialist Swedish investor EQT. As soon as the network has been installed in seven years, EQT will want to sell its stake. So who is going to control a part of the nervous system of our economy in the near future?

Investments in fiber optics are, at the moment, as expensive and at least as important for the Belgian economy as the Antwerp Oosterweel works. Exactly how it happens remains a mystery to economists, but the ubiquitous ultrafast internet is making countries grow faster. Belgium already scores well in terms of average internet speed, but lives off older connections in the consumer market. In Europe and the rest of the world, people are already busy installing fiber optic connections, which is why Belgium is being overtaken. Fiber optics is not only crucial to our overall prosperity, it’s also hugely important to our utility bill telecommunications. Trends already wrote it a few months ago and the regulator BIPT confirmed it again yesterday in an extensive study: consumers are too ignorant and choose a more expensive offer out of convenience or ignorance. Almost any family can easily save hundreds or even hundreds of dollars by better shopping around. The BIPT website besteprijs.be is a useful tool in this regard. Telenet, the fixed Internet market leader in Flanders, is receiving more competition because Proximus is the driving force behind a new network of fiber optic connections. That network is open, in addition to Proximus, many alternative operators without their own network are eager. For the first time since the advent of broadband Internet, Proximus and company will be able to offer the same network speed and quality. Therefore, in this week’s cover story, Trends looks at the consequences for the Flemish telecoms market, which means additional competition for you. There is a third reason why Trends is now approaching investments in fiber. Telenet and infrastructure manager Fluvius are still discussing fiber optics. The largest network of fiber optic connections in Flanders will be Fiberklaar for the time being. This is a collaboration between Proximus and the specialist Swedish investor EQT. As soon as the network has been installed in seven years, EQT will want to sell its stake. So who is going to control a part of the nervous system of our economy in the near future?

Leave a Comment