Proximus buys out MTN and Swisscom to take full ownership of BICS

  • by

International communications enabler BICS announced that Proximus has acquired MTN and Swisscom’s shares in the company (20% and 22.4% of issued shares respectively). This makes Proximus the sole shareholder in BICS and TeleSign, for a total transaction value of €569 million. As a result of this acquisition, BICS will be able to accelerate its growth

The post Proximus buys out MTN and Swisscom to take full ownership of BICS appeared first on IoT Now – How to run an IoT enabled business.

Leave a Reply

Your email address will not be published. Required fields are marked *