Telenet, a wholly owned indirect subsidiary of Telenet Group and Fluvius System Operator (Fluvius) have entered into a non-binding term sheet about evolving their hybrid fiber coaxial (HFC) network infrastructure in Flanders.
Telenet and Fluvius take a further step in the realization of the “data network of the future”, including Fiber to the Home (FttH) technology. The network of the future will be fully open, ultra-performant, accessible to businesses and families, both in urban and rural areas, and built at the lowest societal cost.
Both companies intend to create a new self-funding independent infrastructure company (NetCo), contributing their existing HFC and fiber assets as well as developing new build fiber assets in the future.
NetCo intends to operate a fully open access network and is expected to enjoy a high network utilization rate from the start driven by Telenet’s existing customer relationships and the incremental traffic generated by wholesale partners. It is intended to be a multiparty partnership, i.e. open to further partnering with both strategic and/or financial parties to develop this ambitious “data network of the future”.
Today Telenet operates its own HFC network in approximately two-thirds of the Flemish territory and in parts of Brussels. Fluvius currently has its own HFC network in the remaining part (one third) of Flanders to which Telenet has long lease rights until 2046 and through which Telenet can offer telecom services to residential and business customers on Fluvius' network and thus serve all of Flanders and parts of Brussels. These best-in-class high speed networks are already leading in Europe thanks to targeted proactive investments such as De Grote Netwerf, giving customers across Flanders access to data download speeds of up to 1 gigabit per second.
In recent years, Telenet has already introduced a mix of both HFC and fiber in its network strategy. To ensure future generations can also enjoy the best digital experiences, both Telenet and Fluvius intend to gradually introduce more fiber in their existing networks. Specifically, more fiber will be deployed in the last mile, from the street to the customer premises, through which effective Fiber to the Home is realized.
