March 25, 2021
14:09
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The homework of Proximus and its Swedish partner EQT to accelerate the roll-out of fiber in Flanders is finished. The joint venture that was set up for this purpose, Fiberklaar, aims at 300,000 households per year.
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Boutin is a man of partnerships and indicated at the time of the announcement that he would rely on two external partners for this ambition, each in a joint venture. Proximus is now the first to receive the green light for the partnership with its partner in Flanders, the Swedish investment fund EQT. The European authorities do not see any problem in the joining of forces, as a result of which it can take off commercially. More time is needed for Wallonia, where Proximus cooperates with Eurofiber.
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Fiber ready
In Flanders, after the green light, Proximus and EQT together keep the company Fiberklaar above the baptismal font. This should reach 1.5 million Flemish families by 2028. This effort involves an investment of 2.5 billion euros. For Proximus it is a big chunk of the glazing ambitions. The company will vitrify 2 million households on its own, so 1.5 million extra households run through Fiberklaar. In Wallonia, the joint venture still to be formed there must get fiber optic cable to 500,000 families.
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Fiberklaar must connect around 300,000 families annually to reach its goal by 2028. ‘That is the theory, but it will take a bit of construction in the first years,’ says Fiberklaar CEO Rik Missault. Missault has extensive telecom experience, including at Alcatel-Lucent. The company focuses mainly on the smaller cities, because Proximus has already focused on the major cities with its own projects. The figure of 1.5 million households will only go into the first phase until 2028, after which more is possible.
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Connection costs
To determine where Fiberklaar will start, the company adheres to the principle of ‘demand bundling’, which is already well established abroad. This means that the company only starts laying cables when there is a threshold of interested parties in a certain city or region. ‘We look at regions that are interesting, also in terms of demography, and enter into discussions with the city council. At the same time, we organize moments to convince people to subscribe to the concrete offer of providers. ‘
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