Proximus - Solid Q4, FY24 guidance in line
Strong commercial momentum also continued in Q4 resulting in Domestic revenues and EBITDA that were (slightly) ahead of expectations and a key driver for group numbers. International was below on top lineFor 2024, Proximus is guiding for ‘+1% sales & EBITDA growth' which is in line with expectations and capex drops from peak levels to EUR 1.2bnWith discussions on fiber collaborations “progressing well”, we believe momentum remains strong – BUY reiteratedProximus supplies integrated telecommunications services on the Belgian market. Co.'s activities are divided into four segments: Consumer Business Unit (CBU), which sells voice products and services, internet and television, on fixed and mobile networks, to residential customers; Enterprise Business Unit (EBU), which caters to professional customers; Service Delivery Engine and Wholesale, which centralizes all the network and IT services and costs, provides services to CBU and EBU and sells these services to other telecom and cable operators; and International Carrier Services, which focuses on international carrier activities.
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