Route Mobile to become $1 billion business: Proximus Group CEO

livemint.com:

NEW DELHI : Belgium-based Proximus Group, which has acquired a majority stake in communication platform as a service, or C-PaaS, firm Route Mobile, intends to double the group's revenues to $3 billion in 3-4 years, on the back of synergies from the new acquisition, chief executive officer Guillaume Boutin told Mint in an exclusive interaction. Boutin has kept a goal of attaining 15% margin on the revenue target, even as he pegged India to become among the key contributors to the group's growth where Route Mobile alone is expected to generate $1 billion in revenues.

“With Route, Telesign and BICS, all together it will represent within three to four years, $3 billion of revenues globally, and at the margin that is going to be the goal of 15%," he said. “The ambition for Route is to reach $1 billion within three to four years.

It will be supercharged by the synergies by integrating Route within the Proximus family," he added. Proximus, a telecom service provider, will also double down on investments in India and raise its headcount in the country by a few hundreds, which will also serve as its research and development hub for developing GenAI-based products.

“The ambition we have is to scale Route Mobile’s R&D capabilities not only to serve the C-PaaS platform but also to help us accelerate the development of Telesign and more traditional Proximus telco activities that we may have in Europe. Significant investments will be needed, in operations, IT, R&D, to achieve that scale," Boutin added.

The euro 6-billion Proximus Group provides 5G, data and fibre services in Belgium and several other European markets under brands including Proximus, Scarlet and Mobile Vikings. On May 8, Proximus Group completed the acquisition of a