M&A Deal Summary

Proximus Acquires Route Mobile

On May 8, 2024, Proximus acquired communications company Route Mobile

Acquisition Highlights
  • This is Proximus’ 4th transaction in the Communications sector.
  • This is Proximus’ 1st transaction in India.

M&A Deal Summary
Date 2024-05-08
Target Route Mobile
Sector Communications
Buyer(s) Proximus
Deal Type Add-on Acquisition

Target

Route Mobile

Mumbai, India
Route Mobile offers omnichannel communication solutions to its customers, including notably automated SMS or WhatsApp notifications for order updates, appointment reminders, and promotions, as well as voice-based and email solutions. The company also offers AI-based firewall analytics solutions to mobile network operators across the globe. Route Mobile was formed in 2004 and is based in Mumbai.

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Buyer(S) 1

Buyer

Proximus

Brussels, Belgium
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 5 of 5
Sector (Communications) 4 of 4
Type (Add-on Acquisition) 2 of 2
Country (India) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 Mobile Vikings

Hasselt, Belgium

Mobile Vikings is a prepaid mobile provider. Mobile Vikings was founded in 2007 and is based in Hasselt, Belgium.

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