Proximus SA

PROX: XBRU (BEL)
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Proximus Earnings: Global Outlook Cut as CPaaS Market Cracks; Fair Value Lowered to EUR 8.10

Proximus downgraded its outlook for the global division after a sharp slowdown in the communications platform as a service SMS segment, where revenue fell 16% organically this quarter. Shares dropped 9% during July 25 trading—a move we view as justified.

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