Proximus reveals Capex, fiber investment, and revenue in Q3

Telecom operator Proximus has revealed its Capex, fiber investment, Opex and revenue in Belgium during the third quarter of 2022.
Proximus Capex Q3 2022Proximus said Capex, excluding spectrum, was EUR 841 million, largely driven by investments in fiber, in Q3 2022. Investments in fiber accounted for 36 percent of the total Capex.

Proximus said its Capex includes a rising level of termination and activation costs for fiber customers, higher investments in the domain of IT transformation and digitalization, as well as the mobile network consolidation.

Proximus said it passed an additional +93,000 homes and businesses with Fiber, bringing the total to 1,124,000 by end-September 2022, which represents a fiber population coverage of 19 percent. Proximus is planning nation-wide fiber coverage of 22 percent by the end of this year.  Proximus added 27,000 active Fiber lines over the third quarter, bringing the total 220,000.
Proximus fiber Q3 2022Proximus is planning Capex of EUR 1.3 billion, excluding spectrum and football rights, in 2022.

Proximus has added +33,000 Mobile Postpaid card users and +6,000 Internet subscriptions during the third quarter of 2022 thanks to the success of the Flex XS pack and internet offer of Mobile Vikings.

Proximus revenue rose 7.8 percent to EUR 1.51 billion for the third quarter of 2022.

“In a next step to position Proximus as the clear leader in terms of customer internet propositions in Belgium, I’m really proud that we set again the pace by introducing 10 Gbps Fiber technology across 5 cities this week and nation-wide by summer 2023,” Guillaume Boutin, CEO of Proximus, said.