Proximus, the leading telecom operator in Belgium, has revealed its achievements and financial performance during the second quarter of 2024.
Proximus added 24,000 mobile postpaid customers (incl. +46,000 Residential).
Proximus added 11,000 Internet customers.
Proximus added 15,000 convergent customers.
Proximus lost 9,000 TV customers.
Proximus said its fiber coverage reached 38 percent in the street. Proximus activated 40,000 fiber lines in Q2. Proximus has reached 481,000 fiber lines at the end of June.
Proximus Group’s Capex for the first-half of 2024 totalled EUR 585 million, EUR 26 million below the comparable period in 2023. This mainly reflects the lower Capex for Proximus’ own fiber build, while the Capex to connect and activate customers increases.
Proximus Group Capex totalled EUR 291 million over the second quarter of 2024. The decrease mainly reflects the slow-down of Proximus’ own fiber build. Fiber deployment is happening in 164 cities and municipalities in Belgium, with Proximus’ fiber HP footprint now at 33 percent, representing 1,983,000 premises with access to fiber.
Including the Fiber JVs (with Fiberklaar and Unifiber), Proximus’ “fiber in the street” footprint reached 38 percent. While the Capex for Proximus’ own fiber build decreased, the customer termination and activation Capex is rising with existing and new customers migrating to fiber.
Moreover, the Mobile network (RAN) consolidation between Proximus and Orange Belgium is ongoing, led by the created joint-operation Mwingz, with Capex incurring in line with the pace of the mobile site consolidation.
Capex for the Proximus Group will be around EUR 1.36 billion for 2024.
“We have taken a strategic step by signing a MoU for Fiber Collaboration in Flanders with Wyre/Telenet. The objective is to maximize the utilization of fiber networks while ensuring broader fiber coverage at an accelerated pace,” Guillaume Boutin, CEO of Proximus Group.
Proximus customers could gain Gigabit HFC access in areas where FttH is not available yet. Overall, 80 percent of Flanders-based customers could benefit from Gigabit networks by 2030.
Proximus Group revenue rose 2 percent to EUR 1,599 million for the second quarter of 2024, driven by a strong increase in Domestic revenue. Proximus Group’s domestic revenue was EUR 1,200 million (up 4.6 percent) in second-quarter.
Baburajan Kizhakedath
