Proximus announced on Wednesday that it had finalized the acquisition of a majority stake in Route Mobile, an Indian company specializing in digital communications services.
“This acquisition marks a transformational step in the Group’s international strategy, with the aim of becoming a world leader in the field of digital communications and digital identity,” explains the company in a press release.
In July 2023, the group announced that it had signed an agreement to acquire a stake of approximately 58% in Route Mobile.
A counterpart of 643 million euros
The acquisition is being made via Proximus Opal, for an initial cash consideration of 59,224 million rupees (approximately 643 million euros) at a price per share of 1,626.40 rupees (approximately 17 euros). Some of the founding shareholders of Route Mobile then committed to reinvesting 299.6 million euros in Proximus Opal.
The reinvestment of 299.6 million euros in Proximus Opal by some of the founding shareholders of Route Mobile, which represents a 12.72% stake in the company, should take place in the coming weeks, Proximus further specifies.
Route Mobile offers its customers omnichannel communications solutions, including automated SMS or WhatsApp notification services for order updates, appointment reminders and promotions, as well as voice authentication services and email solutions. It also offers AI-based firewall analysis solutions to mobile network operators around the world.
