Refile: BUZZ-Proximus jumps after unexpectedly lifting FY Global EBITDA outlook
Yesterday 10:20
REFILE-BUZZ-Proximus jumps after unexpectedly lifting FY Global EBITDA outlook Removes extraneous word from headline.
** Belgian telecom provider Proximus PROX.BR jumps about 10%, boosted by an unexpected FY outlook hike
** Barclays analyst Ganesha Nagesha says Global EBITDA guidance of €125-135 million is unexpected after earlier Route Mobile integration issues led Proximus to cut it,
** The analyst also points to a surprise doubling of FCF guidance to about €100 million ($112 million)
** The company also lowers its capex outlook to below €1.3 billion as fibre rollout spending in dense areas starts to ease
** Share on track for its best day since March 2020
($1 = 0.8930 euros)
(Reporting by Ronan Corcoran)
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