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September 01, 2015 12:05 AM ET

Diversified Telecommunication Services

Company Overview of Belgacom Mobile S.A.

Company Overview

Belgacom Mobile S.A. provides digital television, Internet, and fixed and mobile telephony services. The company was founded in 1994 and is based in Brussels, Belgium. Belgacom Mobile S.A. operates as a subsidiary of Belgacom SA.

Boulevard du Roi Albert II, 27

Brussels,  1030

Belgium

Founded in 1994

Phone:

32 2 202 41 11

Fax:

32 2 203 65 93

Key Executives for Belgacom Mobile S.A.

Chief Executive Officer
Age: 55
Head of Consumer Innovation
Compensation as of Fiscal Year 2015.

Belgacom Mobile S.A. Key Developments

Belgacom Reportedly To Be Privatized

Belgacom Mobile S.A. might be privatized, according to reports by De Tijd. 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 Belgacom. There are no concrete plans for a sale yet, however, and the government may opt to hold onto a minority interest. The privatization has been valued at around €6 billion.

Proximus And bpost May Be Privatizaed

The Belgian government is working on making amendments in laws in order to make it possible to sell its stake in Proximus (Belgacom Mobile S.A.), which could yield €6 billion, according to reports. The state may maintain a minimum stake in Proximus. As per the current law, the government must hold a 50% stake plus one share in the company. The change in law will also apply to bpost SA/NV (ENXTBR:BPOST).

Cisco and Proximus Renew Strategic Partnership

Cisco and Proximus announced at CES 2015 that they have consolidated their partnership to drive joint innovation and business development. The renewed partnership will enable Proximus to provide its customers with faster, tailored and innovative services across its entire portfolio. Cisco will benefit from Proximus' technology research and local go-to-market expertise, in order to co-create new service provider offerings. Within the framework of this renewed agreement, Proximus and Cisco have defined three areas for growth: next-generation video delivery for consumers, smart city services for government organizations and service orchestration for business-to-business customers.

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Recent Private Companies Transactions

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