M&A Deal Summary

Proximus Acquires BICS SA

On February 9, 2021, Proximus acquired communications company BICS SA from Swisscom for 217M EUR

Acquisition Highlights
  • This is Proximus’ 1st transaction in the Communications sector.
  • This is Proximus’ largest (disclosed) transaction.
  • This is Proximus’ 2nd transaction in Belgium.

M&A Deal Summary
Date 2021-02-09
Target BICS SA
Sector Communications
Buyer(s) Proximus
Sellers(s) Swisscom
Deal Type Divestiture
Deal Value 217M EUR

Target

BICS SA

Brussels, Belgium
website
BICS SA (Belgacom International Carrier Services) is a provider of international wholesale connectivity and interoperability services. Belgacom International Carrier Services was established in 2005 and is headquartered in Brussels, Belgium.

Search 193,711 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Proximus

Brussels, Belgium

website

Category Company
Founded 1930
Sector Communications
Employees10,542
Revenue 5.4B EUR (2020)
DESCRIPTION

Proximus is a telecommunications company. The quality of our interconnected fixed and mobile networks makes us the provider of telephony,Internet and television services in Belgium. It also allows us to offer anywhere and anytime access to digital data and the best multimedia content. Proximus was incorporated in 1930 and is based in Brussels, Belgium.

DEAL STATS #
Overall 2 of 5
Sector (Communications) 1 of 4
Type (Divestiture) 1 of 2
Country (Belgium) 2 of 4
Year (2021) 1 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-15 Telindus Group NV

Heverlee, Belgium

Telindus Group NV is a provider of ICT and network integration services for the corporate and professional markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Fiberklaar

Ghent, Belgium

Fiberklaar is the largest Belgian telecom operator, to build a fiber-to-the-home network for at least 1.5m households and small businesses. Fiberklaar was founded in 2021 and is based in Ghent, Belgium.

Buy -

Seller(S) 1

SELLER

Swisscom

Bern, Switzerland

website

Category Company
Founded 1852
Sector Communications
Employees18,905
Revenue 11.2B CHF (2021)
DESCRIPTION

Swisscom is an entity which offers telecommunication services mainly in Switzerland and Italy. Swisscom was founded in 1852 and is based in Bern, Switzerland.

DEAL STATS #
Overall 4 of 4
Sector (Communications) 3 of 3
Type (Divestiture) 3 of 3
Country (Belgium) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Swisscom AG - Intellectual Property Rights

Berne, Switzerland

Swisscom AG - Intellectual Property Rights is a provider IT services.

Sell $700K
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-07 Camptocamp

Bussigny, Switzerland

Camptocamp is an information technology company focused on implementing open source solutions with a variety of customers. Camptocamp was founded in 2001 and is based in Bussigny, Switzerland.

Buy -
Mergr

Product

Company

Legal