Proximus to acquire a 42.4% stake in BICS from MTN and Swisscom for $261m.

Proximus, a mobile telecommunications operator in Belgium, agreed to acquire a 42.4% stake in Belgacom International Carrier Services, a provider of communication solutions, from MTN, a mobile telecommunications company, and Swisscom, an operator of public telecommunications networks, for $261m. "I am excited to conclude this agreement, allowing us to retain a growth engine within the Group and maintain full control over the globally renowned assets of BICS and TeleSign. I am convinced we can unlock the next growth phase of BICS and leverage BICS’ potential to consolidate a scattered market, while continuing to invest in key growth areas. Furthermore, we want to support TeleSign’s fast growth as digital leader in programmable communications and digital identity services. I have full confidence in the capacity of Matteo Gatta and Joe Burton, as recently appointed CEOs of BICS and TeleSign, to guide this acceleration and ensure a bright future for both entities," Guillaume Boutin, Proximus CEO.