Announced
Financials
Sources
Tags
Majority
Pending
Single Bidder
cloud communications
IT Services: Other
Cross Border
Private
Friendly
India
Acquisition
Synopsis
Proximus, a mobile telecommunications operator, agreed to acquire a 58% stake in Route Mobile, a company that specializes in cloud communications, for $721m. "The acquisition of a majority stake in Route Mobile is a transformational step for our international CPaaS and digital identity activities. With Route Mobile and Telesign, Proximus Group now holds two strong and highly complementary global assets, both from geography and product expertise standpoints. This will allow us to reap the benefits of scale, considerably reinforce the product suite of both brands and realize synergies generating substantial value for our shareholders. This acquisition perfectly fits in our bold2025 strategy, with focus on strengthening our leadership in the domestic market and continuing to grow our international activities," Guillaume Boutin, Proximus CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.