Proximus International strategy: conference call feedback
After completing the Route Mobile acquisition at the beginning of May, Proximus will host a webcast this afternoon an 2pm CET, focussing on its international activities. In the update, Proximus increased its 3Y synergies target from € 90m to more than € 100m by 2026, run rate. After including the RM activities, Proximus also increased its FY24 group EBITDA outlook, which is now expected to grow at 2% on a like for like basis, compared to up to 1% previously. Pending the full integration of Route Mobile in our estimates, we reiterate our Accumulate rating and € 8.7 TPProximus 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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