Proximus Buys Majority Stake In India's Route Mobile For EUR643M
Portfolio Pulse from Lekha Gupta
Proximus SA (OTC:BGAOF)(OTC:BGAOY) has agreed to acquire a 58% stake in Route Mobile for EUR 643.0 million through its subsidiary, Proximus Opal. The deal will boost Proximus' presence in the CPaaS and DI market and expand its customer coverage to over 200 countries. The deal is expected to close within the next six to nine months and generate annual realized run-rate EBITDA synergies for three years of at least EUR 90 million.
July 17, 2023 | 11:23 am
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POSITIVE IMPACT
Proximus' acquisition of Route Mobile will significantly expand its presence in the CPaaS and DI market and is expected to generate substantial EBITDA synergies.
The acquisition of Route Mobile will allow Proximus to expand its customer coverage and presence in high-growth markets, which could potentially lead to increased revenues and profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Proximus' acquisition of Route Mobile will significantly expand its presence in the CPaaS and DI market and is expected to generate substantial EBITDA synergies.
The acquisition of Route Mobile will allow Proximus to expand its customer coverage and presence in high-growth markets, which could potentially lead to increased revenues and profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100