November 26, 2024 11:31 GMT
COMMUNICATIONS: Proximus Equity Lower On Call For Audit; Not A Spread Mover
COMMUNICATIONS
A3/BBB+[N]
- Proximus equity is ~6% lower today on reports that NVA-politician and MP Michael Freilich is demanding a forensic audit of Proximus tied to Telesign’s valuation, questioning CEO Boutin's role in the dismissal of the CEO of wholesale subsidiary BICS, Matteo Gatta after he filed a whistleblower report over alleged "artificial transactions" with another subsidiary, Telesign.
- An internal audit cleared Proximus of wrongdoing, but Freilich seemingly remains unconvinced.
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