Proximus has finalized an agreement with EQT Infrastructure for buying its majority stake in Fiberklaar, for EUR 246 million.
Fiberklaar is a 49.67 – 50.33 joint venture between Proximus and EQT Infrastructure for accelerating fiber deployment in medium-dense areas across Flanders. The active construction projects of Fiberklaar will continue to contribute to Proximus’ fiber roll-out strategy. Proximus becomes 100 percent owner of Fiberklaar.
Fiberklaar will pursue its operations as a standalone entity within the Proximus Group. The company will be led by the current management team.
Proximus Group is expecting Capex of around EUR 1.36 billion for 2024, with a similar profile to be expected throughout the fiber build phase of 2025-2027.
“Becoming the only shareholder of Fiberklaar will allow us to work more closely together and further increase the efficiency and quality of the fiber roll-out in Flanders, while capturing the value generated by synergies, Guillaume Boutin , Chief Executive Officer of the Proximus Group, said.
Proximus and Wyre, together with Telenet and Fiberklaar, signed a MoU for a collaboration on the deployment of fiber networks in Flanders. The collaboration would ensure that more consumers benefit from high-speed gigabit networks, leading to a broader and faster fiber deployment, while reducing civil works.
The collaboration would cover 2.7 million homes across zones with intermediate to low population density. In medium-dense areas, complementary fiber-to-the-home (FTTH) networks would be built by Wyre and Fiberklaar for approximately 2.0 million homes (of which 60 percent by Wyre and 40 percent by Fiberklaar), with reciprocal wholesale access to this infrastructure for Proximus and Telenet, respectively. This should result in a more efficient roll-out, broader and faster access to fiber and reduced construction works.
In the most sparsely populated zones, Proximus would start offering services using the Hybrid Fiber Coax (HFC) network of Wyre for approximately 0.7 million homes, which would allow to offer gigabit speeds throughout Flanders. In large cities and dense parts of the territory, operators will continue to roll out their own networks separately.
