Belgian cableco Telenet has announced plans to invest EUR500 million (USD656 million) over the next five years to upgrade its 600MHz hybrid fibre-coaxial (HFC) network to 1GHz to support gigabit speeds. The company currently offers peak download speeds of 160Mbps. John Porter, the CEO of Telenet, commented: ‘With the 1GHz network we will be able to guarantee that all of our residential and business customers will be able to have access to the bandwidth which they will need in the future. The upgrading of the network creates tremendous opportunities in terms of video over the internet, machine-to-machine [M2M] communication, e-health, monitoring security, cloud computing and other future innovations.’ According to TeleGeography’s GlobalComms Database, Mechelen-based Telenet is the principal competitor to Belgacom in the Belgian broadband market, with 1.49 million subscribers at the end of June 2014.
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