Domestic revenue was slightly disappointing, down by 2.1% yoy and lfl. Consumer revenue was indeed down by 1.6% due to the ongoing trend of Consumers opting increasingly for a product combination excluding a Fixed Voice line.
We remain at Buy on the stock which remains heavily discounted vs its peers but Proximus is lagging behind in the deployment of fibre compared to its peers and has to invest. So no catalyst in the short term.

29 Oct 2021
Fibre deployment must be accelerated at all costs

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Fibre deployment must be accelerated at all costs
- Published:
29 Oct 2021 -
Author:
Jean-Michel Salvador -
Pages:
2 -
Domestic revenue was slightly disappointing, down by 2.1% yoy and lfl. Consumer revenue was indeed down by 1.6% due to the ongoing trend of Consumers opting increasingly for a product combination excluding a Fixed Voice line.
We remain at Buy on the stock which remains heavily discounted vs its peers but Proximus is lagging behind in the deployment of fibre compared to its peers and has to invest. So no catalyst in the short term.