Route Mobile shares surge over 2% as Proximus Group consolidates its global operations under a single entity, Proximus Global. The restructuring integrates BICS, Telesign, and Route Mobile under a unified global leadership team to streamline operations and drive profitable growth.
The transaction values Proximus Global at EUR 3.1 billion, aiming to simplify organizational structure, leverage global scale, and enhance synergy across its digital communication services, including CPaaS, Digital Identity, and customer engagement solutions.
This move strengthens Proximus Group’s competitive positioning while expanding its international reach. Route Mobile’s Rajdip Gupta has been re-designated as Managing Director, with Gautam Badalia taking charge as the new CEO to steer the company’s strategic initiatives and ensure sustainable growth.
Route Mobile Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
| Tue, Dec 17 2024 | ₹1,450.00 | ₹1,427.55 | -0.28% |
| Mon, Dec 16 2024 | ₹1,428.95 | ₹1,431.50 | +0.22% |
| Fri, Dec 13 2024 | ₹1,439.90 | ₹1,428.35 | -0.73% |
| Thu, Dec 12 2024 | ₹1,446.10 | ₹1,438.85 | -0.42% |
| Wed, Dec 11 2024 | ₹1,429.70 | ₹1,444.95 | +1.47% |
| Tue, Dec 10 2024 | ₹1,496.00 | ₹1,424.05 | -4.16% |
| Mon, Dec 9 2024 | ₹1,459.95 | ₹1,485.90 | +2.25% |
| Fri, Dec 6 2024 | ₹1,471.05 | ₹1,453.25 | -0.96% |
Shares of Route Mobile climbed 2.16% to Rs 1,458.35, reflecting investor confidence in the reorganization’s long-term benefits.