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Publication Date: August 2005
Pyramid Research has formed a strategic partnership with ITI Research to provide you with high-quality Telecom Company Reports of industry players worldwide. For more details view our press release here.
These comprehensive reports on leading telecommunications operators worldwide cover all aspects of their operations, including quarterly-updated Executive Briefings on over 100 operators.
Belgacom SA, Belgium’s incumbent telephone operator, offers a range of voice, data, and Internet fixed-line services to
residential and business customers. At the end of 2004, the operator provided around 5.2 million fixed connections for
residential and business customers, including around 975,000 ISDN access lines and 828,000 ADSL access lines for
the retail market. As that time, Belgacom also offered Internet access to approximately one million narrowband and
broadband subscribers, as well as providing wholesale services to other operators and service providers in Belgium.
Belgacom Mobile is the leading provider of mobile communications services in Belgium through its Proximus and Pay &
Go brands. Belgacom has a 75% stake in Belgacom Mobile, while 25% is owned by Vodafone. Belgacom Mobile
provides a range of mobile communications services to residential and business customers in Belgium, including
traditional voice, data (SMS, MMS, and Vodafone live!), and international roaming, as well as wholesale data services to
other companies.
In addition to its activities in Belgium, Belgacom provides voice and data connectivity and capacity services to
telecommunications operators and service providers worldwide. In May 2005, the European Commission (EC) cleared a
proposed joint venture between Belgacom and Swisscom for international telecommunications carrier services. The
joint venture, known as Belgacom International Carrier Services (BICS), began merged operations on July 1, 2005.
Following a partial privatisation of Belgacom in 1995, 49.9% of the shares in Belgacom were sold to the ADSB
Telecommunications consortium, which comprised SBC Communications Inc (35%), Tele Danmark Communications
(TDC) (33%), and Singapore Telecom (27%), as well as three Belgian financial partners (together 5%) - Dexia, KBC,
and Sofina.
Until March 2004, the main shareholders of Belgacom were the Belgian State with 50% plus one share and the ADSB
Telecommunications consortium with 50% minus one share. On March 22, 2004, Belgacom's ownership structure
changed fundamentally: all the private shareholders except Sofina sold their stake in an Initial Public Offering (IPO). At
the end of 2004, the shareholders of Belgacom were the Belgian State with 50% plus one share; Belgacom (treasury
shares), 3.1%; Belgacom Personnel, 0.5%; and, a free float of 46.4%.
At the end of June 2005, the shareholders of Belgacom were the Belgian State with 50.0%; Belgacom (treasury shares),
4.8%; Belgacom Personnel, 0.5%; and, a free float of 44.7%.
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