Proximus answers to press coverage on future plans for TeleSign
Responding to an article published by specialized M&A press earlier today, Proximus confirms it has initiated preliminary discussions regarding a potential strategic transaction involving TeleSign, a US based, 100% owned affiliate of Proximus, a leading mobile digital identity player, active in fraud management, authentication and secure CPaaS.
As indicated in the press release of 9 February 2021, Proximus is committed to support TeleSign on its fast growth path as a leading authentication and digital identity player. To achieve this, Proximus has been exploring different strategic options to unlock the full value of TeleSign while keeping majority ownership.
A public listing through a SPAC merger has indeed come out of this process as one of the potential strategic routes that Proximus is currently exploring. The process is still ongoing and several steps need to be taken to finalize. The company will not further comment at this stage.