Tuesday 05 July 2022

Delta to invest €2bn in glass fibre cable and double subscriber base

Photo: Depositphotos.com

Telecom company Delta is investing €2bn in a glass fibre network in a challenge to market leaders KPN and Ziggo.

Delta aims to double its subscriber base from some 900,000 to two million by 2025, which would give it 25% of the domestic market, the Financieele Dagblad reported.

A consortium of ABN Amro, ING and a number of international banks are backing the loan.

Delta’s focus has been on the more rural areas, where much of the internet still runs through copper phone connections but the company is now turning its attention to smaller villages and towns, the FD said.

Ziggo has some 3.5 million connections, KPN three million. Delta’s owner, Swedish investment house EQT, tried to take over KPN last year.

Thank you for donating to DutchNews.nl

The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.

DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.

If you have not yet made a donation, but would like to, you can do so via Ideal, credit card or Paypal.