Proximus SA

PROX: XBRU (BEL)

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Proximus Cuts Global Division Guidance as CPaaS Markets Weakens

Javier Correonero

Jul 25, 2025

Business Strategy and Outlook

Proximus, the incumbent telecom operator in Belgium, shares broadband leadership with cable peer Telenet, with around 45% and 35% market share, respectively. The Belgian broadband market is concentrated, with Telenet dominating in the north of the country (Flanders) and Proximus in the south (Wallonia). The capital Brussels is a more competitive area, given its high density. Proximus has a fixed network presence across the entire country, while Telenet and Voo (another cable operator, acquired by Orange in 2022) operate only in Flanders and Wallonia, respectively.

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Proximus SA

Proximus Cuts Global Division Guidance as CPaaS Markets Weakens

Business Strategy and Outlook

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