Belgacom considers move into the electricity business

Belgacom is looking for a new business venture to play in and it thinks that electricity could be the answer.

According to a report in Belgian daily newspaper Le Soir, the former state-run telephone monopoly is carving out a deal to resell energy services from the country's electricity and gas supplier Lampiris. Along with reselling energy services, the report adds that Belgacom might even purchase a piece of Lampiris, a company that purchases electricity from other independent Belgian energy companies.

Belgacom's desire to get into the energy business seems to be a signal of an emerging trend of telecom operator's involvement in the electricity business.

Already in Europe and in the U.S., a number of established wireline (Qwest and AT&T) and wireless service providers (Sprint) are either considering providing an energy management service for consumers or providing backhaul network connectivity to the utilities themselves. Similar to Belgacom, U.S.-based competitive business service provider PAETEC Communications not only offers a range of energy and energy management services through its Energy Division, but it also just purchased New York-based Energy Partners.  

For more:
- Reuters has this article

Related articles
PAETEC furthers energy play with Energy Partners acquisition
Belgacom ICS ups ante of its wavelength service offerings
Belgacom IPTV still free with bundles
BT Openreach adds diagnostic features to Ethernet service suite
Merit Network lights up 10 Gbps core

Suggested Articles

Vodafone Business announced this week that it has launched a new resource hub to help businesses bounce back from the impact of the COVID-19 pandemic.

CenturyLink's Shaun Andrews has a contrarian view in regards to how much the pandemic fueled digital transformations.

Data center provider Stream Data Centers is leaning on Cox Business' fiber network for its new data center campus in Goodyear, Arizona.