Route Mobile embarks on a new strategic direction by becoming a part of the Proximus Group

Route Mobile Limited (Route Mobile), a global player in Communications Platform as a Service (CPaaS), has now become a part of the Proximus Group, a provider of digital services and communication solutions operating in Belgium and international markets, through a strategic acquisition by the latter.

In July 2023, Proximus Group signed a definitive agreement with the founding shareholders of Route Mobile to acquire 57.56% of Route Mobile through Proximus Opal for INR 59,244 million (EUR 643.0 million) cash consideration, which corresponds to a price per share of INR 1,626.40. Some of the founding shareholders of Route Mobile subsequently committed to reinvest EUR 299.6 million in Proximus Opal, resulting in a stake of 12.72%, expected to be completed in the next few weeks.

Over the past years, Proximus Group already built up a significant presence in the CPaaS and digital identity markets. The complementary ...