Proximus NV
XBRU:PROX
Proximus NV
Proximus NV, rooted in Belgium, stands as a pivotal player in the telecommunications industry. Emerging as a household name, the company traces its origins to national telephony services, having evolved significantly over the years. Proximus offers an extensive portfolio of communication and technology services, serving both individual consumers and business clients. The company commands a significant share of the Belgian market through its integrated services, ranging from mobile and fixed-line telephony to broadband internet and digital television. It's not only the breadth of offerings but also the quality and reliability that cement Proximus's reputation, ensuring robust customer relationships.
The company amplifies its revenue streams by putting a strategic focus on digital transformation and network infrastructure development. Its investment in fiber-optic networks demonstrates a commitment to delivering high-speed, cutting-edge connectivity, which attracts a loyal customer base and retains enterprise clients seeking optimal digital solutions. Proximus also delves into innovative areas such as cloud computing and cybersecurity services, recognizing the growing demand for digital security and data management. Through these avenues, Proximus NV continuously seeks to bolster its market position, driving sustainable growth by addressing modern telecommunication needs with comprehensive, forward-thinking solutions.
Proximus NV, rooted in Belgium, stands as a pivotal player in the telecommunications industry. Emerging as a household name, the company traces its origins to national telephony services, having evolved significantly over the years. Proximus offers an extensive portfolio of communication and technology services, serving both individual consumers and business clients. The company commands a significant share of the Belgian market through its integrated services, ranging from mobile and fixed-line telephony to broadband internet and digital television. It's not only the breadth of offerings but also the quality and reliability that cement Proximus's reputation, ensuring robust customer relationships.
The company amplifies its revenue streams by putting a strategic focus on digital transformation and network infrastructure development. Its investment in fiber-optic networks demonstrates a commitment to delivering high-speed, cutting-edge connectivity, which attracts a loyal customer base and retains enterprise clients seeking optimal digital solutions. Proximus also delves into innovative areas such as cloud computing and cybersecurity services, recognizing the growing demand for digital security and data management. Through these avenues, Proximus NV continuously seeks to bolster its market position, driving sustainable growth by addressing modern telecommunication needs with comprehensive, forward-thinking solutions.
Domestic Strength: Proximus delivered a solid Q3, with robust operational and financial results in its domestic market, particularly in residential and convergent services.
Global Segment Weakness: The Global segment struggled, with EBITDA down 22.3% and management lowering the 2026 outlook to EUR 100–130 million.
CapEx & Cash Flow: CapEx for the first 9 months was EUR 826 million, down year-on-year, supporting a strong improvement in organic free cash flow to EUR 159 million.
Guidance Updated: Domestic EBITDA is expected to grow up to 2% for the full year, while CapEx guidance was lowered to around EUR 1.25 billion. Organic free cash flow guidance was also revised to around EUR 100 million.
Network Expansion: Fiber rollout continues, with coverage reaching 47% of Belgian homes/businesses and 684,000 active fiber customers.
Dividend Confirmed: An interim dividend of EUR 0.30 per share is planned, payable on December 5.
2027 Inflection for Global: Management expects the Global segment to return to EBITDA growth from 2027 as newer business lines scale up.
