Belgian government considering Proximus sale

6 May 2015

Belgian newspaper De Tijd is reporting that the country’s incumbent fixed and mobile operator Proximus (formerly known as Belgacom) could soon be privatised. The government is thought to be working on legislation which will remove the current requirement for the state to retain a 50% plus one share stake in the national operator. There are no concrete plans for a sale yet, however, and the government may opt to hold onto a minority interest in Proximus. The privatisation has been valued at around EUR6 billion (USD6.7 billion). A similar plan is said to be being prepared for national postal operator Bpost, De Tijd writes. Proximus was recently linked as a potential merger partner for the Dutch telco KPN, although neither party has confirmed that a deal is on the cards.

Belgium, Proximus