Belgium Mobile Virtual Network Operator (MVNO) Market Size and Share

Belgium Mobile Virtual Network Operator (MVNO) Market Summary
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Belgium Mobile Virtual Network Operator (MVNO) Market Analysis by Mordor Intelligence

The Belgium MVNO Market size is estimated at USD 1.10 billion in 2025, and is expected to reach USD 1.39 billion by 2030, at a CAGR of 4.83% during the forecast period (2025-2030). In terms of subscriber volume, the market is expected to grow from 1.17 million subscribers in 2025 to 1.39 million subscribers by 2030, at a CAGR of 3.54% during the forecast period (2025-2030). The topline growth hides an ongoing shift from basic resale toward cloud-native, service-orchestrated business models that let operators tailor digital propositions for tightly defined customer niches. Aggressive wholesale pricing under the BIPT-supervised framework, the availability of network-slicing on Proximus and Orange Belgium, and the rapid uptake of eSIM activation collectively underpin the momentum of the Belgium MVNO market [1]Belgian Institute for Postal Services and Telecommunications, “Roaming,” bipt.be. Cloud platforms shorten launch cycles and reduce capital intensity, while IoT-specific connections and satellite backup links open incremental revenue streams beyond conventional consumer voice and data. Competitive pressure escalated after DIGI Belgium introduced a EUR 5 plan in early 2025, forcing incumbent MVNOs and flanker brands to tighten tariffs and sharpen their digital care strategies [2]Test-Aankoop, “Prijsbreker DIGI Belgium is de nieuwste telecomspeler,” test-aankoop.be

Key Report Takeaways

  • By deployment model, cloud infrastructure held 77.35% of the Belgium MVNO market share in 2024 and is rising at a 7.91% CAGR through 2030. 
  • By operational mode, reseller/light/brand MVNOs commanded 59.66% share of the Belgium MVNO market size in 2024, while full MVNOs are expanding at a 21.15% CAGR through 2030. 
  • By subscriber type, consumer accounts represented 80.83% of the Belgium MVNO market in 2024; IoT-specific services are forecast to grow at a 21.86% CAGR to 2030. 
  • By application, other application segments held 43.54% of the Belgium MVNO market share in 2024, and cellular M2M is forecast to grow at an 18.51% CAGR to 2030. 
  • By network technology, 4G/LTE led with 67.18% Belgium MVNO market share in 2024; satellite/NTN connectivity is set to surge at a 99.57% CAGR through 2030. 
  • By distribution channel, online and digital-only operations secured 59.58% of the Belgium MVNO market size in 2024 and are rising at a 7.72% CAGR through 2030. 

Segment Analysis

By Deployment Model: Cloud infrastructure drives operational agility

Cloud-hosted cores accounted for 77.35% of the Belgium MVNO market in 2024, reflecting the preference for opex-light scaling and instant feature deployment. The Belgium MVNO market size attributed to cloud deployments is projected to grow at a 7.91% CAGR through 2030 as turnkey MVNE stacks de-risk launches and slash time-to-revenue. Platform partners such as KORE Wireless shift legacy MVNOs to multi-tenant environments without subscriber disruption. On-premise builds persist only where data residency or sub-10 ms latency is contractual.

Cloud elasticity lets operators spin rugged IoT profiles for a meter rollout today and consumer social bundles tomorrow on the same core, underscoring why the Belgium MVNO market gravitates toward cloud. Investors view the model favorably because working capital aligns with subscriber intake rather than sunk costs.

Belgium Mobile Virtual Network Operator (MVNO) Market: Market Share by Deployment Model
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By Operational Mode: Full MVNOs emerge despite complexity

Reseller and light brands still led with 59.66% Belgium MVNO market share in 2024, but a 21.15% CAGR expected for full MVNOs signals a structural pivot. Operators taking ownership of HLR/HSS assets can promise enterprise SLAs, tailor roaming footprints, and monetize sponsored data events, capabilities impossible under pure resale. DIGI Belgium illustrates the playbook: piggyback on Proximus for immediate reach while building an independent 5G core that will support differentiated slices in 2026.

Service-operator hybrids bridge the gap for brands scaling customer experience and billing control before shouldering full network elements. As the Belgium MVNO market moves toward B2B verticals, ownership of core functions becomes a prerequisite for margin expansion.

By Subscriber Type: IoT growth transforms revenue models

Consumers still dominate the Belgium MVNO market size with 80.83% of lines in 2024, yet IoT SIMs will post a 21.86% CAGR to 2030 owing to Fluvius rolling out 3.97 million smart meters across Flanders. Enterprises demand pooled billing and policy control, feeding a mid-single-digit growth runway as remote employees and expense-managed fleets expand.

IoT’s high-volume low-ARPU economics favor operators that excel in automation. API-driven life-cycle management and over-the-air credential swaps underpin new monetization avenues that elevate the Belgium MVNO market beyond SIM resale.

By Application: Cellular M2M drives specialized service development

Cellular M2M connections accounted for 18.51% of the Belgium MVNO market size and will climb at an identical CAGR through 2030, as factories, commercial real estate, and logistics corridors digitize assets. BICS leverages its global roaming mesh to keep Belgian-originated devices online in 200+ countries, a value proposition local MVNOs integrate via white-label APIs.

Discount voice-centric bundles remain important for budget consumers, but average revenue per user trends flat. Business applications, including UCaaS and split billing, provide uplift yet hinge on employers’ hybrid-work policies. The M2M curve, however, shows uninterrupted ascent.

By Network Technology: Satellite/NTN connectivity explodes

4G/LTE still carries 67.18% of traffic, but satellite/NTN links will rocket at 99.57% CAGR after Orange Belgium’s December 2024 launch of a Ka-band service to backstop enterprise continuity. The Belgium MVNO market responds by bundling satellite fail-over into critical infrastructure SLAs, fuel depots, water utilities, and health campuses, where downtime is not tolerable. 5G slices stay reserved for latency-sensitive use cases, and 2G sunsets will phase out legacy M2M by 2028.

Belgium Mobile Virtual Network Operator (MVNO) Market: Market Share by Network Technology
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By Distribution Channel: Digital-only models dominate growth

Digital channels held a 59.58% share of the Belgium MVNO market in 2024 and are progressing at a 7.72% CAGR, propelled by eSIM, which removes the last physical hurdle to instant activation. Telenet’s TADAAM introduced an all-online, unlimited data offer in April 2025, proving that an MVNO can scale nationwide without a single store. Physical retail persists for handset financing and elderly care, but cost-to-serve skews decisively toward app-based journeys.

Self-service account management reduces churn triggers and supports cross-sell of ancillary OTT media and energy bundles, reinforcing why digital-first will continue to expand its footprint in the Belgium MVNO market.

Geography Analysis

The Belgium MVNO market derives unique scale from Brussels, where EU institutions anchor a multinational workforce requiring predictable intra-EU roaming. Flanders, anchored by the Antwerp-Bruges port, concentrates industrial IoT demand for real-time cargo, crane, and AGV oversight. Wallonia trails in fiber penetration, so MVNOs pairing mobile with fixed-wireless access can upsell convergence there. BIPT enforces open access duties obliging Proximus, Orange, and Telenet/BASE to wholesale capacity across all provinces, letting digital brands reach 99% population coverage from day one.

The Antwerp-Bruges logistics axis is the proving ground for network-sliced private 5G, enabling MVNOs to charge per-device plus analytics, a model exportable to Ghent’s bio-cluster once maturity hits. Rural Limburg and Namur host agri-tech pilots: moisture sensors, herd trackers, and autonomous tractors that lean on LPWAN-over-LTE. Operators leveraging shared spectrum and NTN can blanket farms where macro coverage falters.

The Belgium MVNO market thus splits into three opportunity zones: EU governance and expats in Brussels, industrial IoT and port automation in Flanders, and rural smart-agriculture in Wallonia. Brands that segment propositions geographically capture outsized lifetime value.

Competitive Landscape

The Belgium MVNO market presents the market concentration as moderate. Mobile Vikings secures loyalty via unlimited social-app zero-rating and ranked first in Test-Aankoop satisfaction for the second consecutive year. DIGI Belgium disrupts on price and is concurrently building its own RAN, foreshadowing a migration from wholesale to infrastructure-light MOCN with Proximus.

Incumbents counter with flanker digital brands: Orange’s hey! Telecom and Telenet’s TADAAM adopt lean cost structures and eSIM to meet low-ARPU demand without cannibalizing premium flagship lines. Strategic alliances proliferate, Ericsson supplies Radio Dot indoor coverage to Proximus, indirectly enhancing MVNO QoS commitments to enterprise campuses.

IoT-focused providers attach device management revenue, satellite integrators target critical infrastructure, and immigrant-community players rely on OTT voice bundles integrated in multiple languages. The Belgium MVNO market rewards operators able to pair digital self-service with vertical know-how.

Belgium Mobile Virtual Network Operator (MVNO) Industry Leaders

  1. Lycamobile Belgium BV

  2. Carrefour Belgium SA (Carrefour Mobile)

  3. Scarlet Belgium NV

  4. Mobile Vikings NV

  5. Youfone Belgium NV

  6. *Disclaimer: Major Players sorted in no particular order
Belgium Mobile Virtual Network Operator (MVNO) Market Concentration
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Recent Industry Developments

  • April 2025: Ericsson and Proximus partnered to install Radio Dot small cells for enhanced indoor 4G/5G coverage across Belgian enterprise sites.
  • January 2025: Telenet launched TADAAM mobile with unlimited calls, SMS, and data via eSIM-only onboarding, billed at EUR 25 per month.
  • April 2024: Youfone completed a rebrand to Yoin, unveiling a refreshed digital identity aimed at value-conscious subscribers.

Table of Contents for Belgium Mobile Virtual Network Operator (MVNO) Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Wholesale‐only 5G network slicing opens differentiated B2B propositions
    • 4.2.2 EU-mandated intra-EU roaming price caps protect MVNO gross margins
    • 4.2.3 Rising demand for low-ARPU digital-only brands among Gen Z immigrants
    • 4.2.4 Enterprise eSIM uptake in logistics and port automation (Antwerp-Bruges)
    • 4.2.5 Smart-meter roll-out by Fluvius drives long-tail IoT SIM volumes
    • 4.2.6 B2B hybrid-cloud adoption accelerates need for private-label UCaaS bundles
  • 4.3 Market Restraints
    • 4.3.1 National roaming fees linked to Proximus/Orange 4G legacy contracts
    • 4.3.2 Saturation of prepaid consumer base limits addressable migration pool
    • 4.3.3 BCE’s strict SIM-registration laws raise onboarding friction for brands
    • 4.3.4 Tight spectrum refarming timelines delay standalone 5G MVNO launches
  • 4.4 Value Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Porter’s Five Forces Analysis
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitutes
    • 4.6.5 Intensity of Competitive Rivalry
  • 4.7 Assessment of Macroeconomic Factors on the Market

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Deployment Model
    • 5.1.1 Cloud
    • 5.1.2 On-premise
  • 5.2 By Operational Mode
    • 5.2.1 Reseller / Light / Brand MVNO
    • 5.2.2 Service Operator
    • 5.2.3 Full MVNO
  • 5.3 By Subscriber Type
    • 5.3.1 Consumer
    • 5.3.2 Enterprise
    • 5.3.3 IoT-specific
  • 5.4 By Application
    • 5.4.1 Discount
    • 5.4.2 Business
    • 5.4.3 Cellular M2M
    • 5.4.4 Others
  • 5.5 By Network Technology
    • 5.5.1 2G/3G
    • 5.5.2 4G/LTE
    • 5.5.3 5G
    • 5.5.4 Satellite/NTN
  • 5.6 By Distribution Channel
    • 5.6.1 Online/Digital-only
    • 5.6.2 Traditional Retail Stores
    • 5.6.3 Carrier Sub-brand Stores
    • 5.6.4 Third-Party/Wholesale

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global-level Overview, Market-level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 Lycamobile Belgium BV
    • 6.4.2 Carrefour Belgium SA (Carrefour Mobile)
    • 6.4.3 Scarlet Belgium NV
    • 6.4.4 Mobile Vikings NV
    • 6.4.5 edpnet Belgium NV
    • 6.4.6 Citymesh NV
    • 6.4.7 Tadaam BV
    • 6.4.8 Youfone Belgium NV
    • 6.4.9 Vectone Mobile

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

  • 7.1 White-Space and Unmet-Need Assessment
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Belgium Mobile Virtual Network Operator (MVNO) Market Report Scope

By Deployment Model
Cloud
On-premise
By Operational Mode
Reseller / Light / Brand MVNO
Service Operator
Full MVNO
By Subscriber Type
Consumer
Enterprise
IoT-specific
By Application
Discount
Business
Cellular M2M
Others
By Network Technology
2G/3G
4G/LTE
5G
Satellite/NTN
By Distribution Channel
Online/Digital-only
Traditional Retail Stores
Carrier Sub-brand Stores
Third-Party/Wholesale
By Deployment Model Cloud
On-premise
By Operational Mode Reseller / Light / Brand MVNO
Service Operator
Full MVNO
By Subscriber Type Consumer
Enterprise
IoT-specific
By Application Discount
Business
Cellular M2M
Others
By Network Technology 2G/3G
4G/LTE
5G
Satellite/NTN
By Distribution Channel Online/Digital-only
Traditional Retail Stores
Carrier Sub-brand Stores
Third-Party/Wholesale
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Key Questions Answered in the Report

What revenue does the Belgium MVNO market generate in 2025?

It generates USD 1.10 billion and is forecast to reach USD 1.39 billion by 2030.

Which deployment model leads in Belgium for MVNOs?

Cloud cores lead with 77.35% share and are expanding at a 7.91% CAGR.

How fast will IoT-specific MVNO connections grow?

IoT SIMs are projected to rise at a 21.86% CAGR from 2025-2030, driven by smart-meter rollouts and industrial automation.

Which network technology is growing the quickest?

Satellite/NTN connectivity shows the highest growth at a 99.57% CAGR due to enterprise demand for backup links.

What competitive move intensified pricing pressure in 2025?

DIGI Belgium’s EUR 5 plan triggered immediate tariff cuts from rival brands, escalating a price war.

Why are MVNOs interested in 5G network slicing?

Slices allow them to guarantee QoS for sectors like port automation, transforming them into service-level-driven providers.

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