Home » Economy » Xavier Niel’s Impact on the Belgian Telecom Market: Consumer Benefits and Expansion Strategies

Xavier Niel’s Impact on the Belgian Telecom Market: Consumer Benefits and Expansion Strategies

by Alexandra Hartman Editor-in-Chief

2023-11-21 08:29:41

Despite everything, should Belgian consumers rejoice at this first step by Xavier Niel on the Belgian market? Because the French billionaire nevertheless made himself known in the early 2000s by creating the first low-cost operator. In France, he launched Free Mobile, an operator which offers internet telephony combos at cut prices, enough to put strong pressure on other operators, pressure which translated into a reduction in the prices of all telecoms services. All benefits therefore for consumers.

If Xavier Niel’s policy consists of offering services at the lowest possible prices on the market, this should not be felt here with a simple 6% stake in Proximus. Especially since today, it has mainly embarked on an expansion strategy. Building on his success, Xavier Niel took shares in telecommunications companies in several other European countries, Ireland, Poland, Italy… Last year, he took a stake in the British company Vodafone.

The businessman’s telecoms empire has nearly 50 million subscribers and has a cumulative turnover of more than 10 billion euros. It has also acquired unique expertise in fiber optic networks with more than 40 million homes connected to it in its different geographic areas.

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