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Belgacom - Company Report
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Company Reports are concise reports that provide a review of the company's activities, corporate strategy and recent developments.
Belgacom SA, Belgium’s incumbent telephone operator, offers a complete quadruple-play solution, based on fixed and mobile telephony, the Internet, and television. Fixed line services are provided by Belgacom, Telindus and Skynet. Together, these companies offer residential and business customers a range of voice, data transmission, and Internet access services, as well as interactive content via the Web and the interactive Belgacom TV platform. Belgacom has the largest commercial telecommunications coverage in Belgium. Belgacom is also the main Internet service provider, commanding over 50% of the residential market. In 2006, Telindus became a wholly-owned subsidiary of Belgacom. The two companies joined forces in order to offer ICT solutions for large companies. Skynet is dedicated to the development of interactive digital media services, and provides an extensive range of Internet content and e-marketing solutions. Through its National Wholesale division, Belgacom also provides wholesale services to other telecommunications service providers and operators in Belgium. The Belgacom Group’s mobile activities are marketed by the subsidiary Belgacom Mobile, under the Proximus brand. In August 2006, following Belgacom’s purchase of Vodafone’s 25% stake in Belgacom Mobile, the latter became a wholly-owned subsidiary of Belgacom. Proximus is the leading mobile telecommunications operator in Belgium, serving about 4.3 million customers, and representing a market share of 45.5% of active customers on December 31, 2006. The international carrier activities of the Belgacom Group are provided by its subsidiary International Carrier Services (ICS), 72% of which is owned by Belgacom SA and 28% by Swisscom Fixnet. This co-venture is the preferred supplier of Swisscom and the Belgacom Group as regards international connectivity services. It also provides voice and data capacity and connectivity services to telecommunications operators around the world. As of December 31, 2006, Belgacom's shares were held by: the Belgian State (50.0%); Belgacom (treasury shares) 7.7%; and, free float (42.3%).
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