Proximus has signed an agreement today to acquire ArcelorMittal’s 35.3% stake in Telindus Luxembourg.
As a result, Proximus will own 100% of the share capital of Telindus Luxembourg which further underlines Proximus’ commitment to the Luxembourg market.
From its leading position in the Luxembourg ICT market, Telindus will continue to pursue growth opportunities in the market by providing innovative solutions to its corporate and institutional customers. Telindus Luxembourg has more than 400 employees and expects to generate revenues of approx. €117 million in 2015.
Proximus is also present in Luxembourg through its subsidiary Tango, offering TV, fixed telephony, mobile and Internet services. This transaction will allow both Telindus Luxembourg and Tango to continue to complement each other on the market.
Financial details are not disclosed.
