Netgem says it will concentrate on the rollout of fibre services after witnessing a slowdown in operator investment in boxes.
“By creating Netgem in 1996, our ambition was to offer everyone the services of a connected home. Box have been the solutions for us to connect millions of televisions. It has been a successful first step. With Fiber, we open ourselves to the market of new services and uses of the whole family. This is where we want to invest from now on,” explains Joseph Haddad, Founding President of Netgem Group.
The move towards the Services business is grounded in Netgem’s involvement in the French Videofutur, and more recently in the UK where it has worked with a number of smaller telcos.
2018 revenue from the Videofutur (Vitis) services business grew by €10 million.
