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Proximus jumps after unexpectedly lifting FY Global EBITDA outlook

By Reuters News

** 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)

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