|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||25.29 - 25.65|
|52 Week Range||21.51 - 28.26|
|Beta (5Y Monthly)||0.19|
|PE Ratio (TTM)||15.72|
|Earnings Date||Feb 21, 2020|
|Forward Dividend & Yield||1.50 (5.93%)|
|Ex-Dividend Date||Dec 04, 2019|
|1y Target Est||24.93|
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
TeleSign, a leader in authentication and communication services, a wholly-owned subsidiary of BICS, today announced a new partnership with Proximus, the largest telecommunications company in Belgium. This partnership will provide TeleSign’s fraud risk product portfolio to provide regional and international companies with a presence in Belgium. As the mobile identity ecosystem continues to rapidly evolve globally, it is more important than ever that businesses ensure the strongest authentication and verification measures to secure end-user accounts and prevent fraud, especially in the financial sector.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
(Bloomberg) -- When Royal KPN NV picked Italian-Colombian Maximo Ibarra as its first non-Dutch chief executive officer, some investors saw it as a precursor to foreign expansion. Two years on, the phone company’s experiment with international leadership has come unstuck after Ibarra quit early and its top pick to replace him -- Belgian executive Dominique Leroy -- became embroiled in a share-dealing probe. A day after dropping her, KPN named Chief Operating Officer Joost Farwerck, a Dutch company veteran, to the top job.Farwerck looks like the safe option for KPN’s Supervisory Board Chairman Duco Sickinghe, and suggests any foreign growth ambitions the company may have entertained are over for now.Ibarra came with a track record of integrating large companies and had ambitions to put KPN back on the acquisition trail to give it the kind of scale enjoyed by other former national telecom monopolies. That didn’t happen and he quit in June to lead Comcast Corp.’s Sky Italia.Sickinghe then turned to Leroy, the CEO of Belgian carrier Proximus SADP and the most senior woman in European telecommunications, to replace Ibarra. He backtracked on Monday following media reports that police had conducted searches of her home in relation to an investigation over possible insider trading. Leroy said the timing of her departure for KPN had nothing to do with her decision to sell the stock of her former employer.Speaking to reporters on Tuesday, Sickinghe said the company had faced “unexpected challenges” in its CEO search. Leroy, who has already left Proximus, will receive compensation for certain expenses and time she invested in KPN since she was picked for the job, a KPN spokeswoman said.KPN shares were down 1% as of 9:59 a.m. in Amsterdam.Farwerck has been with KPN since 1994 and has relatively little international experience. The 54-year-old will have to continue cutting costs and find fresh revenue streams since consolidation in the industry hasn’t been enough to ease competitive pressures in KPN’s home market.Chris Figee, who is currently chief financial officer at Dutch insurer ASR Nederland NV, will replace Jan Kees de Jager as CFO in February, the company said Tuesday.(Updates with share price in seventh paragraph.)To contact the reporters on this story: Joost Akkermans in Amsterdam at firstname.lastname@example.org;Thomas Mulier in Geneva at email@example.comTo contact the editors responsible for this story: Thomas Pfeiffer at firstname.lastname@example.org, Jennifer RyanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Royal KPN NV reversed a decision to hire Dominique Leroy, the former head of Belgian phone carrier Proximus SADP, as chief executive officer following reports of an investigation into her sales of shares at her old employer.KPN said Sept. 5 that Leroy would leave the top job at Proximus to join the company as CEO at the start of December. Local media later reported that police conducted searches of Leroy’s home in relation to an investigation over possible insider trading. Since she stepped down from the top job at Proximus on Sept. 20, the most senior woman in European telecommunications now has no company to run.Her troubles also represent a conundrum for KPN and Proximus, which are both under pressure to find new CEOs to guide them through intense competition in their respective markets. KPN’s leadership vacuum is yet another blow to Supervisory Board Chairman Duco Sickinghe, after current CEO Maximo Ibarra quit to lead Comcast Corp.’s Sky Italia.“This was a difficult decision for the Supervisory Board given the track record of Mrs. Dominique Leroy as a very accomplished executive,” Sickinghe said in the statement. “However, the uncertainty around timing results in a situation, which the supervisory board considers not in the interest of KPN.”KPN said it’s unclear how long Belgian authorities will need to conduct their procedures. KPN shares were down 1% at 12:09 p.m. in Amsterdam.Leroy StatementA spokesman at Proximus wasn’t able immediately to provide contact details for Leroy. A Sept. 8 statement by her explained the timing of her sale of Proximus shares on Aug. 1.That day was the first on which new transactions were possible following a closed period that started Nov. 22, according to the statement. She’d instructed the bank the end of July to sell shares on that day, and at that time she’d been in discussion with Proximus about renewing her contract and other parties, including KPN, though she had not yet decided to leave her employer.“I understand that with hindsight the timing can create the perception that I did this exactly prior and because of my departure. This is surely not the reason for my sale of shares,” she said in the statement. “I regret that this perception has been created, this is not in line with my values where integrity and transparency are very high.”Joost Farwerck, chief operating officer, will serve temporarily as chairman of the management board and executive committee, KPN said Monday.Ibarra had held ambitions to put KPN on the acquisition trail, but when this didn’t happen he turned his focus to cutting jobs and streamlining the company’s IT systems.Any new leader would have to continue cutting costs and find fresh revenue streams since consolidation in the industry hasn’t been enough to ease competitive pressures in the Dutch market. The company has been dealing with the migration of customers to different pricing structures, which has exacerbated sales weakness in some business units.KPN’s decision to cancel Leroy’s hiring “prolongs management uncertainty that’s not helpful at a time when KPN is executing its brand consolidation strategy and competitors are improving their performances,” Erhan Gurses, an analyst at Bloomberg Intelligence, said in a note. “It deprives the Dutch incumbent of a leader with a proven track record built in a culturally and operationally similar environment.”(Adds Sept. 8 statement from Leroy in sixth-eighth paragraphs. Updates shares.)\--With assistance from Thomas Mulier.To contact the reporters on this story: Thomas Seal in London at email@example.com;Stefan Nicola in Berlin at firstname.lastname@example.orgTo contact the editors responsible for this story: Thomas Pfeiffer at email@example.com, Jennifer RyanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Dutch telecoms firm KPN ditched plans to name Belgian executive Dominique Leroy as its new CEO because she is under investigation for selling shares in her previous company, Proximus , while she was in talks to take the KPN job. Leroy, who was to have begun work on Dec. 1, denies any wrongdoing. Monday's announcement throws KPN's CEO hunt to fill the vacancy left by Maximo Ibarra back into uncertainty.
AMSTERDAM/BRUSSELS (Reuters) - Belgian police searched the home and office of Dominique Leroy, the incoming chief executive of Dutch telecom firm KPN, to investigate her sale of shares in Proximus, the company she is leaving. Leroy told Belga news agency police searched her home and office over the August share sale, completed about a month before her new job was announced. The Sept. 5 announcement that KPN had hired her from Proximus, which she led since 2014, was cheered by investors and pushed up the Dutch firm's share price.
Is Proximus PLC (EBR:PROX) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can...
Rating Action: Moody's affirms Proximus' A1 ratings; stable outlook. Global Credit Research- 23 Jul 2019. Madrid, July 23, 2019-- Moody's Investors Service, has affirmed the A1 senior unsecured rating ...
REDWOOD SHORES, Calif., June 25, 2019 /PRNewswire/ -- Proximus, a leading international communications service provider, has chosen Oracle Communications virtualized Oracle Session Border Controller as a core network component to enable the delivery of its residential and enterprise communications cloud-based solutions for voice. As such, Proximus will be able to deploy its internet communications offerings faster, while decreasing operational expenses and increasing services flexibility. Oracle's virtualized SBC platform will be running on Proximus' telco cloud and used for residential VoIP and SIP trunking for enterprise customers.
Today we are going to look at Proximus PLC (EBR:PROX) to see whether it might be an attractive investment prospect...