Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Bruxelles  >  Proximus    PROX   BE0003810273

PROXIMUS (PROX)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets
The feature you requested does not exist. However, we suggest the following feature:

Proximus : ends the telegram after over 150 years of good, loyal service

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/12/2017 | 12:14pm CET
  • On 29 December 2017, Proximus will definitively end its telegram service.
  • Used by people for years to announce births, weddings, or deaths, the telegram has gradually been replaced by more modern, less expensive means of communication.
  • In recent years, the telegram was used by only a handful of residential and business customers.
  • The end of the telegram marks a turning point in Proximus' history: the electric telegraph entered into service in Belgium in 1846.
  • In fact, the RTT (the former Proximus) stood for 'National Telegraph and Telephone Company'.

The telegram: a very long history

The history of the telegram in Belgium goes back more than 140 years for the electric telegraph, and more than 200 years for the optical telegraph. In fact, the first electric telegraph service was launched in 1846, along the Brussels-Antwerp railway link, while the first optical telegraph service in Belgium dates back even further, to May 1803. In July 1930, the Telegraph Administration became the autonomous 'National Telegraph and Telephone Company', or the RTT - which was nothing else then the former Proximus.

For decades, the telegram was used by residential customers to announce births, weddings or deaths. In some cases, it was even possible to send a congratulatory message accompanied by a bottle of champagne or a cuddly toy.

For a long time, the telegram was also used for professional purposes in all sectors, especially by lawyers and bailiffs, since the telegrams constituted legal proof, and even by temporary employment agencies to send notices.

Sporadic use in recent years

In the early 1980s, more than 1.5 million telegrams were sent and received per year in Belgium. Many of these telegrams came from Italy, where the service was very popular. But over the years, the telegram began to decline as it was replaced by more modern and less expensive means of communication: first, the fax, then e-mail and text messages, and more recently instant messaging.

In the early 1990s, traffic in Belgium had fallen to about half a million telegrams per year. This figure fell to 150,000 in the early 2000s, and to just 50,000 about 10 years later. In the past few months, Proximus' telegram service was used by about 10 regular business customers and only sporadically by residential customers. In total, a little over 8,000 telegrams were sent and received during the first 11 months of 2017, which represents a decline of over 20% compared to 2016. Of course, the regular business customers have been notified personally and Proximus has offered them alternative solutions.

Last telegram

Like many neighboring countries, therefore, Proximus has decided to end its telegram service, effective as of 29 December 2017. After decades of good, loyal service, it is time for the telegram to give way to new means of communication. More than ever, Proximus is determined to respond optimally to the needs of businesses and citizens by providing digital services and simple and innovative solutions that allow them to live better and work more efficiently. The goal of permanent progress, which was behind the launch of the telegram in the 19th century, continuous to animate the Proximus teams today.

Proximus SA published this content on 12 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 December 2017 11:13:06 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PROXIMUS
12/12 PROXIMUS : ends the telegram after over 150 years of good, loyal service
12/11 PROXIMUS : is looking for over 250 new technical employees and digital specialis..
12/06 PROXIMUS : ex-dividend day for interim dividend
11/27 PROXIMUS : begins fibre deployment in Liege
11/25 PROXIMUS : starts fibre deployment in Liege
11/24 COMPAGNIE DE SAINT-GOBAIN : 's Board of Directors Decides to Propose the Renewal..
11/23 PROXIMUS : launches "Fiber for Liège"
11/06 PROXIMUS : plans hybrid DSL, 4G service for 2018
11/03 PROXIMUS : Dominique Leroy teaches entrepreneurship to 18 to 25 year-olds for th..
10/31 PROXIMUS : subsidiary BICS completes acquisition of TeleSign
More news
News from SeekingAlpha
10/27 Proximus Group reports Q3 results
07/28 Proximus' (BGAOF) CEO Dominique Leroy on Q2 2017 Results - Earnings Call Tran..
07/28 Proximus Group 2017 Q2 - Results - Earnings Call Slides
07/28 Proximus Group reports Q2 results
05/06 Proximus' (BGAOF) CEO Dominique Leroy on Q1 2017 Results - Earnings Call Tran..
Financials (€)
Sales 2017 5 810 M
EBIT 2017 838 M
Net income 2017 551 M
Debt 2017 1 915 M
Yield 2017 5,42%
P/E ratio 2017 16,47
P/E ratio 2018 15,59
EV / Sales 2017 1,94x
EV / Sales 2018 1,94x
Capitalization 9 363 M
Chart PROXIMUS
Duration : Period :
Proximus Technical Analysis Chart | PROX | BE0003810273 | 4-Traders
Technical analysis trends PROXIMUS
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 27,8 €
Spread / Average Target 0,31%
EPS Revisions
Managers
NameTitle
Dominique Leroy Chief Executive Officer & Director
Stefaan de Clerck Chairman
Renaud Tilmans Chief Customer Operations Officer
Sandrine Dufour Chief Financial Officer
Geert Norbert Rene Standaert Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
PROXIMUS0.38%11 001
VERIZON COMMUNICATIONS-0.92%214 864
NIPPON TELEGRAPH AND TELEPHONE CORP9.91%99 592
DEUTSCHE TELEKOM-7.21%84 277
TELEFONICA-6.59%50 333
ORANGE0.97%45 817