Proximus announced its joint venture agreement with EQT Infrastructure to build a fiber network in Flanders.
The joint venture between EQT Infrastructure and Proximus will be designing, building and maintaining the network, which will be open and accessible to all. Proximus will initially own 49.9 percent of the joint venture.
The purpose is to connect at least 1.5 million homes and businesses to fiber in the framework of this collaboration. The agreement allows Proximus to further shape its ambition to enlarge and accelerate the roll-out of its open Fiber network in Belgium.
Proximus confirms its objective to reach 4.2 million homes and businesses passed with fiber by end-2028, representing a coverage of at least 70 percent of the country. The company will also be able to realize a significant acceleration of the plans announced end March, increasing intermediate coverage targets for 2025 by around 30 percent.
The revised ambitions encompass Proximus’ standalone roll-out plans as well as the volumes realized with the support of partnerships, accounting for at least 1.5 million homes and businesses in Flanders and at least 500,000 in Wallonia.
Proximus aims to connect the entire Brussels-Capital Region to fiber in standalone. More details regarding the plans for the coming years in this region will be announced in December.
For the remaining zones, mainly in rural and less densely populated areas, Proximus will continue to enhance the overall customer experience through a diversity of high-speed connectivity solutions in order to cover the whole territory.
Proximus intends to provide to the market a more detailed update of its Fiber ambitions by mid-January 2021.