Proximus Group to Acquire Around 58 Percent Stake in Route Mobile

Belgian telecommunications company Proximus Group has entered into a definitive agreement to acquire approximately 58 percent of Route Mobile, a company specializing in Communication Platform as a Service (CPaaS) services, according to the official release. The acquisition, valued at around EUR 1.1 billion, positions Proximus as a major player in the digital communications and digital identity markets.

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Strengthening Digital Communications and Identity

By combining the strengths of Route Mobile and Telesign, Proximus Group said it aims to become a worldwide leader in CPaaS and digital identity (DI). The strategic move aligns with Proximus Group’s vision and adds significant scale to its presence in these markets, with combined annual revenue of approximately EUR 900 million.

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According to the statement, the acquisition solidifies Proximus Group’s position in the CPaaS market, making it the third-largest player globally based on messaging volume. It expands Proximus’ CPaaS portfolio, particularly in omnichannel capabilities, enabling the company to capitalize on the evolving customer engagement landscape. Route Mobile’s CEO will continue leading the CPaaS activities within the Group.

In the digital identity segment, the acquisition enhances Proximus Group’s offerings with the addition of Route Mobile’s “TruSense” skills, complementing the existing capabilities of Telesign. The CEO of Telesign, will lead the digital identity activities within the Group.

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Significant Synergies and Growth Potential