Following a softer-than-expected Q3 report from Proximus Global, including Telesign and Route Mobile, the group has cut its earnings forecast for 2025 and 2026. Pressure on Revenue Decline and Ebitda now translates into a significantly lower EPS trajectory.
Published on 11/10/2025
at 06:31 am EST - Modified on 11/10/2025
at 05:52 am EST
Alphavalue
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Proximus SA is the leading telecommunications operator in Belgium. Net sales (including intragroup) break down by activity as follows:
- telecommunication services to individuals (38.5%): fixed telephony (819,000 installed lines at the end of 2024), mobile telephony (3.5 million prepaid and postpaid cards distributed), Internet access services (1.8 million subscribers), convergent services (1.2 million subscribers), etc. At the end of 2024, the Group had more than 2.8 million individual customers in Belgium;
- telecommunication services to enterprises (34.8%): fixed telephony (508,000 lines at the end of 2024), mobile telephony (1.8 million post-paid cards distributed), Internet access services and data transmission (442,000 subscribers). At the end of 2024, the Group had around 450,000 business customers in Belgium. Proximus SA also sells wholesale communication minutes to other operators located in Belgium;
- international services (25.9%; Proximus Global): telecommunications, authentication and digital identity services, and omni-channel services for businesses and international operators;
- other (0.8%).
Belgium accounts for 74.1% of net sales.
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