Telenet and Fluvius will connect Flemish households to fiber optics

Telecom provider Telenet and network operator Fluvius have entered into a definitive partnership to bring fiber optic connections to Flemish households. The goal is to provide 78 percent of Flanders with a fiber-to-the-home connection by 2038.

The two companies set up a joint venture called NetCo for this purpose. Telenet will have a share of 66.8 percent and Fluvius will take a 33.2 percent interest, the companies write. in a press release. The companies expect to invest two billion euros in the collaboration and in the construction of the connections. The aim of the partnership is to convert the existing hybrid fiber-optic coax network into a fiber-to-the-home network. NetCo wants to provide 78 percent of Flemish households with such a connection by 2038.

The company will also provide the existing hfc network with Docsis, although it does not provide any further details about this. It concerns the hfc networks which, for whatever reason, cannot be replaced by fiber optics.

It was already imminent that Fluvius and Telenet would work together on the project. In October last year, the companies already signed a non-binding agreement. It is now finalized.