Proximus SA logo

Proximus SA

XBRU:PROX (Belgium)  
€ 7.03 (-2.3%) Apr 26
6.12
P/B:
0.66
Market Cap:
€ 2.27B ($ 2.43B)
Enterprise V:
€ 5.77B ($ 6.17B)
Volume:
568.67K
Avg Vol (2M):
433.36K
Also Trade In:

Business Description

Description
Proximus is the incumbent telecom operator in Belgium. The firm has around 45% share of the broadband market and 30% of the postpaid mobile market, mainly competing with Telenet (mobile and fixed) and Orange (mobile and fixed). Proximus is rolling out fiber to the home in Belgium and expects to have 95% of the country covered by 2032. Its international carrier services division, BICS, is one of the four largest in the world, serving more than 250 operators, which was strengthened in 2017 with the acquisition of Telesign.