Proximus completed the acquisition of a 82.7% stake in Route Mobile for INR85bn.

Proximus, a mobile telecommunications operator, completed the acquisition of a 82.7% stake in Route Mobile, a company that specializes in cloud communications, for INR85bn. "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.