ROUTE

** Route Mobile ROUT.NS gains 8.4% to 1,084 rupees; set for biggest one-day pct gain in nearly seven months

** Co, top shareholder Proximus Global PROX.BR partner with Nokia NOKIA.HE to offer network Application Programming Interfaces to help developers create enterprise applications

** ROUT sees busiest day in almost seven months, with more than 1.8 mln shares traded, more than 18x the 30-day avg

** ROUT trading below key 50-, 100-, 200-day moving avg

** Stock drops 22% YTD

(Reporting by Aleef Jahan in Bengaluru)

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March 5 (Reuters) - Route Mobile Ltd ROUT.NS:

• ROUTE MOBILE LTD - PROXIMUS GLOBAL AND NOKIA PARTNER

Source text: [ID:]

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Jan 28 (Reuters) - Route Mobile Ltd ROUT.NS:

• DIVIDEND OF 3 RUPEES PER SHARE

• DEC-QUARTER CONSOL NET PROFIT 824.8 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 11.84 BILLION RUPEES

Source text: ID:nBSE80d988

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Jan 17 (Reuters) - Route Mobile Ltd ROUT.NS:

• GETS TAX ORDER WITH DEMAND OF 110.8 MILLION RUPEES

Source text: ID:nNSE7vKzQL

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Jan 8 (Reuters) - Route Mobile Ltd ROUT.NS:

• ROUTE MOBILE LTD - PARTNERS WITH PT MRT JAKARTA

• ROUTE MOBILE - PARTNERSHIP TO LAUNCH WHATSAPP TICKETING VIA VENDING MACHINES AND EMAIL

Source text: [ID:]

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** Shares of Proximus PROX.BR rise 3.6% after the Belgian telecoms group said on Tuesday it would integrate its international activities under a new entity, Proximus Global

** Proximus will hold a 91.3% stake in Proximus Global, which will include its fully-owned units BICS, Telesign as well as the majority stake in Route Mobile it acquired earlier this year

** The transaction values Proximus Global at about EUR 3.1 billion equity value, the company said

** "This entity could be used going forward to divest it partially through a direct sale or a separate listing. This would improve Proximus' balance sheet and confirm today's valuation," Degroof Petercam says

** It adds Proximus is actively working on showing the value creation they realised by combining Telesign, Route Mobile and BICS

** Proximus reiterates its mid-term ambitions

** Proximus' shares are on track for their best day since Oct. 25 if gains hold

($1 = 0.9528 euros)

(Reporting by Gianluca Lo Nostro)

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Dec 17 (Reuters) - Route Mobile Ltd ROUT.NS:

• ROUTE MOBILE - RE-DESIGNATES RAJDIPKUMAR GUPTA AS MD

• ROUTE MOBILE LTD - APPOINTS GAUTAM BADALIA AS CEO

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Nov 22 (Reuters) - Route Mobile Ltd ROUT.NS:

• UNIT APPROVED ACQUISITION OF PT ROUTE MOBILE INDONESIA

• DEAL FOR IDR 7,507,500,000

Source text: ID:nNSE2MLNSW

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Sept 16 (Reuters) - Route Mobile Ltd ROUT.NS:

• ROUTE MOBILE LTD - PROXIMUS OPAL SUCCESSFULLY COMPLETES OFFER FOR SALE

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Sept 3 (Reuters) - Route Mobile Ltd ROUT.NS:

• GOT TOTAL TAX DEMAND ORDER FOR 53.4 MILLION RUPEES

Source text for Eikon: ID:nBSE1WFDtc

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(Reporting by VijayDattaram Malkar)

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Aug 6 (Reuters) - Route Mobile Ltd ROUT.NS:

• ROUTE MOBILE - GETS SHOW CAUSE NOTICE FROM GST AUTHORITY

• ROUTE MOBILE - GETS SHOW CAUSE AMOUNTING 34 MILLION RUPEES

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** Shares of Route Mobile ROUT.NS fall as much as 5.1% to 1,674.20 rupees, their lowest in nearly a month

** The communication platform provider's June-quarter consol net profit fell 15%; total expenses rose ~16%

** ROUT on track for second straight session of losses

** Avg rating of five analysts covering the stock is "buy"; median PT is 1,800 rupees - LSEG data

** Stock last down 1.4%, cutting year to date gains to ~9%

(Reporting by Dimpal Gulwani in Bengaluru)

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** Shares of Route Mobile Ltd ROUT.NS rise as much as 15.2% to 1,894.35 rupees, its highest since Jan 17, 2022

** Communication platform provider says its holding co Proximus Group and Microsoft signed a 5-year strategic partnership for collaboration on digital communications and cloud

** Stock on track to snap two days of losses

** More than 2.8 mln shares traded as of 12:59 p.m. IST, 11.8x their 30-day moving avg

** Mean rating of all brokerages rating stock is "buy"; their median PT is 1,780 rupees, 6.4% lower than day's high - LSEG data

** ROUT gained ~17.2% YTD

(Reporting by Meenakshi Maidas in Bengaluru)

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** Shares of Route Mobile Ltd ROUT.NS rise as much as 10.9% to 1,698 rupees, hits highest since Jan. 15

** Communication platform provider says it enabled WhatsApp-based ticketing for Nagpur, Pune, Hyderabad, Delhi metro

** Adds, partnered with Billeasy to extend WhatsApp-based metro rail ticket booking

** Stock on track to gain for 2nd straight day

** More than 811,000 shares traded as of 12:09 p.m. IST, 12.6x their 30-day moving avg

** Mean rating of all brokerages rating the stock is "buy"; their median PT is 1,780 rupees - LSEG data

** ROUT gained ~5.4% YTD

(Reporting by Meenakshi Maidas in Bengaluru)

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June 5 (Reuters) - Route Mobile Ltd ROUT.NS:

• ROUTE MOBILE - GETS SHOW CAUSE TAX NOTICE AMOUNTING TO 32.3 MILLION RUPEES

Source text for Eikon: ID:nBSE4JgSd8

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May 9 (Reuters) - Route Mobile Ltd ROUT.NS:

• CO HAS BECOME A PART OF PROXIMUS GROUP THROUGH A STRATEGIC ACQUISITION BY LATTER

• TOTAL SHAREHOLDING OF PROXIMUS OPAL IN ROUTE MOBILE 82.70%

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** Shares of Route Mobile ROUT.NS fall 4.6% to 1464.85 rupees, their lowest levels in 11 months

** The cloud communications platform service provider reports a 13.3% fall in March-qtr consol net profit to 881 mln rupees ($10.6 mln)

** ROUT stock had lost 4.9% in April to post its worst monthly loss since July 2023

** Five analysts covering the stock on average have a "buy" rating; median PT is 1,819.50 rupees - LSEG data

** Stock down ~8% YTD, had gained 31.5% in 2023 for best yearly gains since 2021

($1 = 83.4790 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

May 6 (Reuters) - Route Mobile Ltd ROUT.NS:

• DIVIDEND 2 RUPEES PER SHARE

• MARCH-QUARTER CONSOL NET PROFIT 881 MILLION RUPEES VERSUS PROFIT 1.02 BILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 10.17 BILLION RUPEES VERSUS 10.09 BILLION RUPEES

Source text for Eikon: ID:nBSE8TsVzJ

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Jan 23 (Reuters) - Route Mobile Ltd ROUT.NS:

• DEC-QUARTER CONSOL PROFIT 1.14 BILLION RUPEES VERSUS PROFIT 853.6 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 10.24 BILLION RUPEES VERSUS 9.86 BILLION RUPEES

• DIVIDEND 3 RUPEES PER SHARE

Source text for Eikon: [ID:]

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Oct 27 (Reuters) - Route Mobile Ltd ROUT.NS:

• DIVIDEND 3 RUPEES PER SHARE

• SEPT-QUARTER CONSOL NET PROFIT 888 MILLION RUPEES VERSUS PROFIT 736 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 10.15 BILLION RUPEES VERSUS 8.46 BILLION RUPEES

Source text for Eikon: ID:nBSE4Mzg7D

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Oct 11 (Reuters) - Route Mobile Ltd ROUT.NS:

• UNIT PARTNERED WITH ROBI AXIATA IN BANGLADESH

Source text for Eikon: ID:nBSET8JB7

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July 28 (Reuters) - Route Mobile Ltd ROUT.NS:

• DIVIDEND 3 RUPEES PER SHARE

• JUNE-QUARTER CONSOL NET PROFIT 924.4 MILLION RUPEES VERSUS 694.1 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 9.67 BILLION RUPEES VERSUS 7.29 BILLION RUPEES

Source text for Eikon: ID:nBSE5yhLSB

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By Amy-Jo Crowley and Andres Gonzalez

LONDON, July 27 (Reuters) - Belgian telecoms group Proximus PROX.BR is studying options for its data center unit including a sale, as it seeks to capitalise on growing demand for key infrastructure assets across Europe, three people familiar with the matter said.

Proximus, with a market value of 2.5 billion euros ($2.8 billion), has drafted in bankers to work on the sale which could value the data center unit in the region of 300 million euros, the sources said, speaking on condition of anonymity.

Proceeds from the sale could help Proximus fund investment in more core areas of its business, including 5G and fibre network rollouts, the first person added.

A Proximus spokesperson said in a emailed statement to Reuters it "regularly evaluates" its portfolio of assets including its data center unit.

"No definitive decisions have been taken today on the nature or scope of these further divestments," the spokesperson added.

A sale process is expected to kick off later this year, targeting deep-pocketed infrastructure investors that seek to deploy capital in Europe, the people said, cautioning the plans may still be changed or dropped.

Proximus, whose largest shareholder is the Belgian government with a 53% stake, operates data centers in Brussels for corporates to host their IT systems and applications. In 2021, it signed a deal with India’s HCL Technologies to manage and upgrade its data center infrastructure.

The unit’s annual earnings before interest, tax, depreciation and amortisation is estimated to be 20 million euros, and it could fetch about 300 million euros, in the event of a sale, the second person said.

Europe has seen infrastructure investors compete for a slice of the continent’s largest data centre firms, partly because of their stable cash yield and long-term contracts.

In April, Brookfield Infrastructure acquired French data centre group Data4 in a deal said to have valued the company at close to 3.5 billion euros, including debt.

The owners of Spanish data center group Nabiax are exploring a sale of the group that could value it at close to 1 billion euros, Reuters reported this month.

As part of its strategy to grow international carrier services, Proximus is in advanced talks to buy French communications firm Tofane for about 100-150 million euros, according to the first person. In a potential deal, Proximus would combine Tofane with its international carrier business BICS, the person added.

The spokesperson for Proximus declined to comment on the deal but said it continually reviews investment opportunities and often talks to companies and managers to explore potential areas of investment in a mutual areas of interest. Tofane did not respond to requests for comment.

Proximus earlier this month acquired Indian cloud communication service provider Route Mobile Ltd. for 59.22 billion rupees ($721 million) to gain a foothold in high-growth markets. It is releasing its second quarter results on Friday.

($1 = 0.9029 euros)

(Reporting by Amy-Jo Crowley and Andres Gonzalez
Editing by Mark Potter)

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Clarifies details on Route Mobile CEO's additional role in paragraph 6 of July 17 story

BENGALURU, July 17 (Reuters) - Belgium's Proximus Opal, which provides cloud-based telecom platforms for enterprises, said on Monday it would buy a near-58% stake in Route Mobile ROUT.NS for about 59.22 billion rupees ($721 million), at par with its Indian peer's current market value.

Proximus Opal, a unit of Belgian telecom service provider Proximus Group, has clients such as Salesforce and Bytedance, while Route Mobile's clients include Amazon and Indian telecom service provider Airtel.

Proximus Opal will pay 1,626.40 rupees per Route Mobile share, just 0.06% more than the closing price on Friday, for the 57.56% stake held by Route Mobile's promoters, an Indian market term for large shareholders who can influence company policy.

However, Clear Bridge Ventures, an affiliate of some Route Mobile promoters, will buy a minority stake of up to 14.5% in Proximus Opal for about 299.6 million euros (nearly $337 million).

Proximus Opal will also have to make an offer to buy an additional stake of up to 26% in Route Mobile at the same price from retail shareholders, according to Indian regulations.

"The partnership ... paves the way for Route Mobile to achieve a billion-dollar annual revenue run-rate much sooner than the anticipated 3-4 year time frame," said Route Mobile CEO Rajdip Gupta, who will also lead the group's cloud-based platform, CPaaS.

Route Mobile's revenue surged 78% to 35.69 billion rupees ($434.5 million) in the year ended March 31, while its profit nearly doubled to 3.27 billion rupees.

The company's shares were down nearly 4% at 1,562.60 rupees in afternoon trading in India, having reversed course after initially jumping 8.3% to a 17-month high. The stock has surged about 150% since its market debut in September 2020.

Morgan Stanley was Proximus's financial adviser.

($1 = 82.1570 Indian rupees)
($1 = 0.8910 euros)

(Reporting by Rama Venkat and Sethuraman NR in Bengaluru; Editing by Dhanya Ann Thoppil and Janane Venkatraman)

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July 17 (Reuters) - Route Mobile Ltd ROUT.NS:

• PROMOTERS OF CO ENTERED INTO SHARE PURCHASE AGREEMENT WITH PROXIMUS OPAL S.A./N.V., PROXIMUS S.A.

• PROMOTERS TO SELL ENTIRE STAKE IN CO REPRESENTING 57.56% OF THE EXPANDED VOTING SHARE CAPITAL

• SALE OF SHARES UNDER AGREEMENT PROPOSED AT 1,626.40 RUPEESPER SHARE

• ALSO PROXIMUS ENTERED INTO SHARE SALE AGREEMENT WITH CLEAR BRIDGE VENTURES LLP, AN AFFILIATE OF THE SELLERS

• SELLERS’ AFFILIATE TO MAKE MINORITY INVESTMENT IN PROXIMUS' STAKE IN CO REPRESENTING UP TO A MAXIMUM OF 14.5% STAKE

Source text for Eikon: [ID:]

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June 23 (Reuters) - Route Mobile Ltd ROUT.NS:

• CO HAS ACQUIRED 2600 SHARES OF UNIT ROUTE CONNECT FROM UNIT CALL 2 CONNECT

• CO'S HOLDING INCREASED FROM 74% TO 100% OF EQUITY SHARE CAPITAL OF ROUTE CONNECT

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May 19 (Reuters) - Route Mobile Ltd ROUT.NS:

• FINAL DIVIDEND OF 2 RUPEES PER SHARE

Source text for Eikon: ID:nNSEWsXRC

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