Telenet to Cut 10% of Workforce Amidst Strategic Shift

Brussels, Belgium – February 24, 2026 – Telenet, the leading provider of telecom and entertainment services in Belgium and Luxembourg, announced plans to reduce its workforce by approximately 10% and close six retail stores as part of a broader strategic realignment. The move, spearheaded by CEO John Porter, aims to streamline operations and free up resources for investment in growth areas like network technology and media entertainment.

Strategic Rationale for Restructuring

The restructuring plan reflects Telenet’s commitment to adapting to the evolving telecommunications landscape and maintaining its competitive edge. According to reports, the company intends to focus on bolstering its “Play” entertainment platform and expanding its GIGA network, the largest in Europe. The job cuts and store closures are intended to generate cost savings that can be reinvested in these key areas.

John Porter’s Vision for Telenet

John Porter has served as the Chief Executive Officer of Telenet holding since 2013. Under his leadership, Telenet has diversified its portfolio and made significant investments in network infrastructure, including the development of the GIGA network and the creation of network infrastructure company WYRE [Telenet Executive Management]. Porter has also emphasized the importance of agility, customer centricity, and digital transformation within the organization.

Porter has previously held leadership positions at AUSTAR in Australia, Time Warner, Group W, and Westinghouse Cable Systems. He holds dual American-Australian citizenship and has experience working on three continents [Telenet Executive Management].

Addressing the Digital Divide

Telenet, under Porter’s direction, has also prioritized bridging the digital gap in Belgium. Recognizing that reliable internet access is essential for education, employment, and overall participation in modern society, the company launched initiatives to provide digital vouchers to schools and laptops to students in need [The CEO Magazine]. This commitment extends to partnering with social organizations to identify and support families lacking digital connectivity.

Financial Considerations

In February 2019, John Porter indicated that Telenet would pay an interim dividend that year, suggesting a stable financial position [De Krantenkoppen]. However, the current restructuring suggests a need to balance shareholder returns with strategic investments.

Looking Ahead

The planned workforce reduction and store closures represent a significant shift for Telenet. The company’s success will depend on its ability to execute its strategic vision, effectively manage the transition, and continue delivering innovative services to its customers in Belgium and Luxembourg. The focus on the Play platform and network upgrades signals a commitment to remaining a leading player in the evolving telecommunications and entertainment market.