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Proximus Opal will be acquiring a majority stake in Route Mobile for nearly Rs 8598 crore, media networks have reported.
The Belgian government-owned telco is said to be looking at a 57.56% promoter stake acquisition.
After the acquisition, founding shareholders of Route Mobile will invest Rs 2765 crore for a minority non-controlling stake in Proximus Opal, a report said.
Proximus Opal has clients like Salesforce and Bytedance, while Route Mobile's clients include Amazon and Airtel.