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ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

AEGON: Meeting with management: solid rationale for WFG. Belgian telecoms: Base to provide more data for the same price from Mid-January

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

CTP: Sizeable acquisition in Germany. IMCD: Two smaller life sciences acquisitions in APAC. Proximus: Merges all international activities into Proximus Global. VGP: Second closing with Saga JV

Hilde Van Boxstael ... (+5)
  • Hilde Van Boxstael
  • Michiel Declercq
  • Sharad Kumar S.P
  • Wim Hoste
  • Wim Lewi
ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

AEGON: US WFG model in the spotlight again. BAM: Sells 50% of Invesis and tax fraud investigation finalised. Belgian Telecoms: Mobile Vikings targeting heavy data users with upgraded mobile-only offers. Universal Music Group: Acquires music services group Downtown Music for c.€737m. Events Calendar

James Ratzer ... (+2)
  • James Ratzer
  • Russell Waller

Digi (Underweight) Telenet (Underweight) Proximus (Neutral, TP: €9.2, ...

After the launch in Portugal (HERE, HERE) Digi has now launched in Belgium. We look at the tariffs in this report, and assess whether or not Digi is viable as a new entrant.

Jan Frederik Slijkerman ... (+5)
  • Jan Frederik Slijkerman
  • Jeroen van den Broek
  • Jesse Norcross
  • Nadège Tillier
  • Timothy Rahill
ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Belgian telcos: DIGI single mobile tariff, plans 2m FTTH connections; OBEL fights back. Euronext: Election fever. TKH Group: Wins a €200m subsea contract

Michiel Declercq
  • Michiel Declercq

Proximus Digi launches in Belgium with aggressive pricing.

Yesterday, Digi officially launched its commercial offering in Belgium, including Mobile, Broadband, TV and convergent offerings. At a mobile price of € 5/month for 15GB and broadband price of € 10/month for unlimited fiber with speeds of 500Mbps, pricing of its offering is highly competitive. Note however that the broadband offering is only available in a very small part of Brussels, meaning that competition in the short term will mainly come from Mobile, where Digi has a wholesale agreement wi...

Hilde Van Boxstael ... (+3)
  • Hilde Van Boxstael
  • Kristof Samoy
  • Wim Lewi
ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Aalberts: Reiterates 2026 targets, but there is more. Belgian telecoms: Digi to finally launch in Belgium tomorrow. Melexis: Small but supportive buyback

Guy Sips ... (+6)
  • Guy Sips
  • Jacob Mekhael
  • Lynn Hautekeete
  • Michiel Declercq
  • Thomas Vranken
  • Wim Hoste
ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Aalberts: highlights ING Benelux Conference Brussels 2024, Ackermans & Van Haaren: Highlights ING Benelux Conference Brussels,Ackermans & Van Haaren: Strong operational performance of underlying companies and guidance fine-tuned upwards, AMG: Highlights ING Benelux Conference Brussels, Aperam: Highlights ING Benelux Conference Brussels, Arcadis: Highlights ING Benelux conference, Azelis: Highlights ING Benelux Conference Brussels, Bekaert: Guidance cut and €200m buyback as sweetener, CFE: No new...

Hilde Van Boxstael ... (+7)
  • Hilde Van Boxstael
  • Jacob Mekhael
  • Kristof Samoy
  • Michiel Declercq
  • Sharad Kumar S.P
  • Wim Hoste
  • Wim Lewi
ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Agfa-Geveart: Material miss on Healthcare activities. ASML: Long-term guidance confirmed. CVC Capital Partners: Comfortably on track. DEME Group: Raises outlook, lowers capex guidance. Proximus: Pressure on CEO from another possible coalition party. SBM Offshore: Again delivering

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