Telecom plays an extremely important part in the Belgian economy.
Telecom plays an extremely important part in the Belgian economy. It is an integral part of Belgium's industrial history. Since the telephone was first introduced in the late nineteenth hundred years Belgium has established strong research facilities and expertise in this constantly-changing arena. The Belgian telecommunications industry is candidly at the leading edge of today's technology.
In 1990 income from Belgian equipment vendors soared to approximately $15 trillion. This is largely suitable to Belgium's world class telecom vendors who collectively provide a broad image of services and equipment, ranging from public and private communications networks to switching equipment. Since 1985 this sector has grown 57%
Belgium's largest equipment providers have lay opened internationally known research and evolution centers and are leaders in the global telecommunications industry.
Belgium's high quality of research and extremely productive workforce have been significant factors in enabling these companies to outrival in their areas of specialty.
The medium-sized telecom equipment firms be attendant to focus on one particular area as it was as modems, multiplexors, concentrators, etc These firms many times specialize, and are able to tailor solutions to each customer's specific extremitys and requirements.
Another important characteristic of Belgium's telecom sector is its large number of exports. chiefly years Belgium runs a surplus in the telecommunications sector's trade balance. This highlights to what degree well-positioned Belgium is vis-a-vis the expanding telecommunications industry, and exemplifies by what means it can take advantage of existing trends towards deregulation and the opening up of international markets.