YFLG Facilitates Major Telecom Acquisition: Proximus Opal Acquires 57.5% Stake in Route Mobile

 

YFLG is proud to announce our pivotal role in facilitating the acquisition by Proximus Opal of a 57.5% stake in Route Mobile, a leading Indian Cloud Communication Platform provider. This move strategically positions Proximus Opal, a subsidiary of Belgian telecom service provider Proximus Group, as a key player in the global landscape of digital communications and digital identity. 

Our team, led by our Managing Partner, Khalifah Al Yaqout, Head of Commercial, Nadyn Saleh and supported by our Senior Associate, Abdulkareem Al Gharabally, navigated the complex regulatory landscape and secured the approval of the Competition Protection Authority, warranting the successful completion of the acquisition.

 

This prominent transaction marks another remarkable milestone in our Telecom portfolio. YFLG’s vast industry knowledge and expertise continue to empower our clients to circumvent complex legal and regulatory challenges and accomplish their strategic objectives.

Proximus Opal’s acquisition of Route Mobile’s majority share is a tactical move towards becoming one of the worldwide leaders in digital communications and digital identity. This acquisition positions Proximus Opal’s vision to exceed its global presence and magnify its offerings in the ever-changing and growing digital communications industry.

YFLG is proud to have played a part in this significant transaction. We remain devoted to delivering exceptional legal services and helping our clients achieve their business goals.

YFLG Facilitates Major Telecom Acquisition: Proximus Opal Acquires 57.5% Stake in Route Mobile   YFLG is proud to announce our pivotal role in facilitating the acquisition by Proximus Opal of a 57.5% stake in Route Mobile, a leading Indian Cloud Communication Platform provider. This move strategically positions Proximus Opal, a subsidiary of Belgian telecom service provider Proximus […]