Proximus: Digi Damage Limited

2025-04-30 06:40:50 ET

Summary

• Proximus PLC continues its fiber rollout and disposals of non-essential assets, raising cash to meet its 500 million EUR disposal goal by 2027 (200 million incrementally expected).
• Despite Digi's market entry, Proximus logged a decent quarter with mobile adds and revenue growth, maintaining stable churn levels also despite a 3% price increase.
• Workforce inflation limited EBITDA growth, but IT services and cybersecurity contracts helped offset the decline in legacy fixed voice business.
• Net debt is rising due to CAPEX, but disposals improve the chances of sustaining dividends.

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