Proximus builds CPaaS scale with $722 million Route Mobile buy

Proximus has agreed to spend more than US$700 million on a majority stake in India’s Route Mobile as it seeks to strengthen its position in CPaaS.
The Belgian telecoms group has brokered a deal through its Proximus Opal arm, which holds the group’s US-based Communication Platform-as-a-Service (CPaaS) business Telesign. Under the terms of the agreement it will pick up a 57.56% stake in Route Mobile for 59.2 billion rupees (that’s €643 million or around US$722 million) in ca