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

PROXIMUS (PROX)

Delayed Quote. Delayed  - 05/25 05:35:01 pm
28.56 EUR   +0.07%
05/13 PROXIMUS : Telindus and Tango join forces to create Proximus Luxembo..
05/10 PROXIMUS : combines Luxembourg units Telindus and Tango
05/05 PROXIMUS : reports 3.3% drop in sales in Q1, though EBITDA rises
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PROXIMUS : Telindus and Tango join forces to create Proximus Luxembourg

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05/13/2016 | 08:34am CEST

13/05/2016

Proximus combines its Luxembourg entities Telindus and Tango to create Proximus Luxembourg, a new convergent organization with strong growth ambitions

Luxembourg, May 9th, 2016

The Proximus subsidiaries Telindus and Tango command strong positions in the Luxembourg ICT and telecommunication services market for businesses and in the mobile, fixed telephony, TV and Internet services market for consumers respectively; they announce today to continue to further complement each other by accelerating their organisational convergence.

Driven by a strong commitment to Luxembourg and following the acquisition of the full ownership of Telindus in December of 2015, Proximus has now defined an ambitious growth avenue for Telindus and Tango. Tango and Telindus will pursue a coordinated convergence strategy based on innovation and with a challenger mindset.

The new organization that results from Tango and Telindus joining forces will be called Proximus Luxembourg. It is put under the leadership of Gérard Hoffmann, CEO, and Jean-François Willame, Co-CEO and Integration Officer and will be structured around three entities:

  • The Proximus Luxembourg HQ entity will regroup the mobile and fixed networks and all the services and competence centres supporting the commercial activities; all investments will be centrally steered and monitored.
  • The Enterprise Business Unit (EBU) will address large and medium sized companies and will act on the B2B market under the Telindus brand. Telindus and Tango will join forces in their businesses of telecom operator and IT provider. In that context, they intend to further grow their mobile, fixed connectivity, cloud, security, outsourcing, and Fintech businesses. EBU will be headed by Gérard Hoffmann
  • The Consumer Business Unit (CBU) that will address consumers and small businesses (up to 10 employees) and will act on the B2C market under the Tango brand. Tango will continue its successful growth strategy in mobile, fixed Internet and TV services. CBU will be headed by Jean-François Willame.

The legal entities will be maintained in full compliance with legal and regulatory requirements but will largely operate in tandem under the combined leadership.

The new Proximus Luxembourg organization, that becomes a strong player on all the markets it operates in, will be progressively set up during the coming months and aims to be fully operational in September of this year. The newly structured offering for B2B customers based on the ambitious investment plan will hit the market as of Q4 of this year. Further announcements to present the newly available services shall follow in due time.

We are enthusiastic about the combination of both companies, which creates a unique business growth opportunity and will put Proximus Luxembourg into the position of a strong challenging leader on both Telecom and ICT markets. This strategic combination with Tango is compelling and will provide significant benefits to our enterprise customers.' said Gérard Hoffmann, Chairman and Managing Director of Telindus Luxembourg and CEO of Proximus Luxembourg.

Tango is confident about the benefits that we will reach by joining forces with our sister company Telindus Luxembourg. We are eager to bring to our customers, especially on the B2B market, the expected benefits from the new enhanced organization. Our B2B customers will benefit from greater resources and more diverse product offerings, including ICT solutions' said Jean-François Willame, Managing Director of Tango and co-CEO of Proximus Luxembourg.

About Tango

Tango is Luxembourg's leading alternative operator, offering fixed and mobile telephony, Internet and TV services. With a wide portfolio of products effectively tailored to meet the needs of its residential and business customers, 283,000 customers have already placed their trust in Tango. Since its foundation in 1998, Tango has pursued a policy of innovation which has allowed it to respond effectively to its customers' needs in terms of quality of service at the best price.

Strengthened by a powerful distribution network with 10 Tango and 20 partner sales outlets, Tango is also committed to providing technical assistance to all its customers through its technical service. A member of the Proximus Group since 2008, Tango has acquired an even greater international reach. The partnership concluded with Vodafone allows Tango to offer highly competitive rates for calls made from abroad, along with a wide range of offers and services at the cutting edge of technology.

About Telindus

Telindus Luxembourg is the Proximus Group's ICT branch and, through Telindus Telecom, the Group's enterprise operator in Luxembourg. It provides solutions to a variety of private and public-sector companies. Its areas of expertise include enterprise networks and connectivity (national and international), datacenters, systems, storage, security, collaboration, applications and mobility.

With a customer centric approach, Telindus Luxembourg positions itself as the privileged partner for businesses and administrations in Luxembourg. In order to support its customers in their digital transformation, at their own pace, Telindus has developed a wide range of managed services to meet their very specific needs. With more than 430 experts, Telindus Luxembourg's strategy is to focus on customers' needs, managed through a single point of contact to meet their overall ICT requirements.

About the Proximus Group

Proximus (Euronext Brussels: PROX) is the leading provider of telephony, internet, television and network-based ICT services in Belgium through its Proximus and Scarlet brands. Proximus' aim is to deliver the best customer experience and to simplify the customer journey by offering accessible and easy-to-use solutions to the residential, enterprise and public markets. Proximus' high-quality interconnected fixed and mobile networks offer access anywhere and anytime to digital services and data, as well as to a broad offering of multimedia content. Proximus is active in Luxembourg through its affiliates Telindus Luxembourg and Tango and in the Netherlands through Telindus Netherlands. Its subsidiary BICS offers best-in-class international wholesale solutions for voice and mobile data service providers worldwide. At the end of 2015, Proximus had around 14,000 employees and generated an underlying revenue of EUR 5,994 million.

For more info on Proximus: www.proximus.com

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Proximus SA published this content on 13 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 May 2016 06:33:07 UTC.

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