Proximus - Strong EUR 700m bond placement
• Yesterday, Proximus successfully placed a EUR 700m 10-year bond at a 3.75% coupon, ensuring financing and enhancing its maturity schedule• In the coming weeks and months, we expect positive newsflow stemming from the Telesign-RouteMobile combination as well as collaborations to lower the fiber related investments• With valuation being extremely low, strong commercial momentum and FCF profile improving materially, we stick to our BUY ratingProximus 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.
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.