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

PROXIMUS (PROX)

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Vodafone : Renews Strategic Partnership With Proximus For Five Years

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04/27/2017 | 09:27am CEST

LONDON (Alliance News) - Telecommunications giant Vodafone Group PLC said on Thursday it is renewing its strategic partnership for Belgium and Luxembourg with Belgian telecommunications company Proximus Group for another five years.

Under the partnership which began in 2003, Vodafone and Proximus offer joint products and services across their networks to consumer and enterprise customers in the region, in particular a range of Vodafone Global Enterprise services.

For consumers, Proximus customers can use Vodafone's 4G networks, and Vodafone customers have access to Proximus' and its Luxembourg affiliate Tango's network.

For enterprise customers, services from the Vodafone Global Enterprise include Vodafone Spend Analytics, which gives visibility of a company's telecommunications spend, and Enterprise Managed Mobility, that allows employees to use smartphones and tablets securely.

Vodafone and Proximus will also explore further areas such as mobile data monetisation, connected cars, and mobility services with Proximus' partner Be-Mobile NV/SA.

"We have built a strong relationship with Proximus, dating back to 2003, and I am delighted to announce the next stage in our mutual co-operation. Customers of Vodafone and Proximus will continue to benefit from an excellent range of consumer and enterprise products and services across our networks for many years to come."

Shares in Vodafone were flat at 203.10 pence on Thursday morning.

By Dayo Laniyan; [email protected]

Copyright 2017 Alliance News Limited. All Rights Reserved., source Alliance News

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Financials (€)
Sales 2017 5 840 M
EBIT 2017 853 M
Net income 2017 570 M
Debt 2017 1 942 M
Yield 2017 5,39%
P/E ratio 2017 16,27
P/E ratio 2018 15,46
EV / Sales 2017 1,96x
EV / Sales 2018 1,95x
Capitalization 9 493 M
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Mean consensus HOLD
Number of Analysts 24
Average target price 27,9 €
Spread / Average Target -0,72%
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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
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