“Proximus has catastrophic stock market results and a service that could be improved: the strategy of the State as shareholder and of the company must change!”

30/10/2024

In brief

Proximus has catastrophic stock market results and a service that could be improved; urgent reform is needed. The State can remain the majority shareholder but must team up with a private partner to change strategy, management and the board of directors.

For Georges-Louis Bouchez, it is high time Proximus reformed. Proximus currently has one of the worst share prices among telecom companies in Europe. For the President of the Mouvement Réformateur: “There needs to be a major change in terms of management, the board of directors and shareholding. We cannot be satisfied with these results.

The State can remain the majority shareholder, but things need to change. We need to link up with a private partner whose job this is in order to have a genuine industrial strategy.

Proximus benefits from the fact that the shareholder is the State, but the State is the worst shareholder in the world. Especially in Belgium.

There is no culture of economics and industry in Belgian politics. And I don't say that lightly. It's not just a question of social security and employer contributions. We need a vision on shareholding. We remain dogmatic.”