Proximus is expanding its fiber footprint and has “fiber in the street” ready for 40 percent of Belgium’s population.
Proximus shares its financial results for the third quarter of 2024. The telecom provider surpasses the mark of two million connectable homes and businesses on its fiber network. This means the company has 2,081,000 homes and businesses connectable, representing some 40 percent “street coverage. Proximus’ other subscriptions also saw an increase this year. The number of TV subscriptions and fixed-line subscriptions continues to decline.
40 percent ‘coverage in the street’
Proximus made 2,081,000 homes and businesses connectable to fiber at the end of September. “This quarter an additional 98,000 homes and businesses were made connectable in the 167 cities where we are actively rolling out fiber. With our own footprint and that of our partners, fiber in the street is now available to about 40 percent of the Belgian population,” said Guillaume Boutin, CEO of Proximus Group. In addition, Residential and Business together counted 519,000 active fiber lines, some 38,000 of which were added in the third quarter.
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Proximus provides ‘fiber coverage in the street’ for 40 percent of Belgian population
Proximus is playing an important role in the fiber optic network in Belgium, but it is not doing so alone. The telecom provider has been sitting around the table with other parties such as Telenet for some time. In this way, the providers want to reduce the high costs of laying fiber optics and reduce nuisances. Although BIPT did not immediately rule out such collaborations, the Belgian competition authority (BMA) launched an investigation into the fiber optic collaboration between Proximus and Telenet.
Overall increase
In addition to the increase in the fiber market, Proximus shares the results of its other subscriptions in the report. A net 47,000 new mobile subscribers were added. For Residential, that increase was 44,000 customers. In addition, 9,000 people joined a fixed Internet subscription this quarter. The number of TV subscriptions and fixed voice subscriptions fell, by 13,000 and 35,000 subscriptions, respectively.
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Proximus provides ‘fiber coverage in the street’ for 40 percent of Belgian population
Proximus’ revenue rose in the third quarter of 2024, up 1.5 percent to 1.19 billion euros. Quarterly revenue was 1.63 billion euros, up 0.2 percent from the previous year.