Streetbeat News

BGAOF

Proximus

https://www.proximus.com/

CEO

Guillaume Boutin

Industry

Telecommunications Resellers

Open

7.50

Mkt cap

2.4B

Volume

High

7.50

P/E Ratio

4.87

52-wk high

8.34

Low

7.35

Div yield

0.16

52-wk low

6.77

Several companies have made significant announcements. Advanced Micro-Fabrication Equipment Inc and Naura Technology Group Co expect a doubling in profits due to the U.S. tech embargo. BlackRock Inc plans to expand its Voting Choice program to its largest ETF. Alibaba Group Holding Limited's stock is trading lower as China's Q2 GDP missed estimates. Ford Motor Co announced price cuts for its F-150 Lightning truck. Virgin Galactic Holdings Inc announced the crew of its seventh spaceflight. Rocket Lab USA Inc is preparing to launch a mix of satellites for NASA and commercial satellite constellation operators. Acumen Pharmaceuticals Inc's experimental Alzheimer's drug passed early safety tests. Sony Group Corp and Microsoft Corporation have reportedly reached a 10-year agreement to keep 'Call of Duty' games on PlayStation consoles. Proximus SA is acquiring a 58% stake in Route Mobile. Entain PLC plans to acquire Angstrom Sports. Hennes & Mauritz AB is launching its stores in Brazil. American Airlines Group Inc and JetBlue Airways Corp have initiated the process of dissolving the Northeast Alliance. United Airlines Holdings Inc and its pilots have reached a labor agreement with a substantial pay raise. MoonLake Immunotherapeutics is reportedly looking for a potential sale. Toshiba Corp plans to establish a supply chain for offshore wind power equipment in Japan with General Electric Company.

Portfolio Pulse from Vandana Singh

July 17, 2023 | 2:13 pm

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.

Portfolio Pulse from Lekha Gupta

July 17, 2023 | 11:23 am

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