Proximus Group, a Belgian telecommunications company, has announced a significant deal to sell its Luxembourg mobile tower infrastructure. Here are the key points of this transaction:
Deal Overview
- Proximus is selling 100% of Proximus Luxembourg Infrastructure (PLI) to InfraRed Capital Partners
- The sale includes 267 mobile tower assets in Luxembourg
- The deal is valued at €108 million ($112.5 million) 
 
Terms and Implications
- Proximus will remain an anchor tenant on the sold sites
- A long-term master service agreement ensures Proximus' continued access to the infrastructure
- InfraRed Capital Partners plans to invest further in PLI to enhance telecommunications coverage in Luxembourg
Strategic Rationale
- The sale is part of Proximus' strategy to unlock value from non-core assets
- This deal covers more than half of Proximus' €500 million ($520 million) divestment target, set to be achieved by 2027
- Proceeds will be used to invest in Proximus' fiber roll-out strategy
Company Statements
Guillaume Boutin, CEO of Proximus Group, stated that the agreement represents a milestone in their bold2025 strategy, ensuring long-term stability and operational continuity of their mobile infrastructure in Luxembourg while freeing up resources for growth projects 
 
Context and Related Developments
- Proximus was recently linked to a potential sale of its mobility subsidiary Be-Mobile
- Last month, the company sold its data centers to Datacenter United (DC United) in a sale-leaseback deal
- InfraRed Capital Partners, the buyer, is part of SLC Management and manages over $14 billion in equity capital
This deal aligns with Proximus' strategic goals and represents a significant step in its asset management and investment plans for future growth.

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