Swisscom sells BICS stake to Proximus for 110 mln euros

  • Reuters
  • Stock Market News
Swisscom sells BICS stake to Proximus for 110 mln euros
Credit: © Reuters.

ZURICH, Feb 9 (Reuters) - Swisscom has agreed to sell its 22.4% stake in Belgacom International Carrier Services (BICS) to majority owner Proximus PROX.BR for around 110 million euros ($133 million), it said on Tuesday.

Minority shareholder MTN Group Ltd MTNJ.J is also selling its 20% stake in BICS to Proximus, Swisscom said, adding its financial outlook for 2021 remained unchanged.

BICS's equipment handles global calls, text and Internet traffic. = 0.8279 euros)

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