BICS takes over roaming talks as Proximus stock gets a 2.40 percent cut

Published on 10/18/2026 at 13:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The 2026 revenue forecast is EUR 6.10 billion, down 2.40 percent from 2025. Q3 results for Proximus stock are due October 30, 2026.

Company events and outlook

BICS announced the roaming-management change on October 13, 2026.
Morningstar DBRS forecast 2026 revenue at EUR 6.10 billion, down 2.40 percent from 2025.
Proximus scheduled its third-quarter 2026 results for October 30, 2026.

Aquarellbild der Brüsseler Skyline mit Telekommunikationsturm bei Sonnenuntergang — Aquarellmalerei der Brüsseler Skyline mit Sendeturm illustriert den Heimatmarkt von Proximus PLC BE0003810273 künstlerisch, Illustration mit AI erstellt.

Proximus (ISIN BE0003810273) is entering a new phase for its international roaming operations after BICS took responsibility for commercial roaming negotiations on October 13, 2026. The move comes as Morningstar DBRS projects a 2.40 percent decline in Proximus revenue for 2026.

Three events shape the picture

The chronology is clear. In May 2026, Proximus acquired Eurofiber's remaining 50.01 percent interest in Unifiber, giving it full ownership of the Walloon fiber network, as Morningstar DBRS reported on October 13, 2026. Proximus announced on October 8 that selected fiber plans would move to symmetrical speeds, including 2.00 Gbps download and upload for its Giga Fiber plan, according to Proximus. BICS announced the roaming change on October 13, creating the latest dated operating development.

What does the change mean for revenue?

The immediate effect is organizational rather than a disclosed revenue increase. BICS will manage negotiations covering hundreds of bilateral agreements, while Proximus can concentrate on its Amplify 2030 strategy. The arrangement may simplify partner management, but the financial case remains tied to execution rather than a published contract value.

The broader financial backdrop is more demanding. Morningstar DBRS expects Proximus revenue to fall from EUR 6.25 billion in 2025 to EUR 6.10 billion in 2026, while adjusted EBITDA is forecast at EUR 1.83 billion in 2026 versus EUR 1.91 billion in 2025. The agency also cited competitive pressure, elevated fiber investment and constrained free cash flow as counter-factors.

Two dates set the next test

Proximus is scheduled to publish its third-quarter 2026 results on October 30, 2026, according to MarketScreener. The fiber speed changes are scheduled to begin on November 1, 2026, according to the company's October 8 release. Those dates give investors two concrete checkpoints for customer activity, operating execution and the effect of network investment.

Stock context stays tied to execution

Proximus remains Belgium's largest integrated telecommunications operator, with fixed, mobile, broadband, enterprise and wholesale services. The next results will show whether fiber expansion and the BICS roaming structure can offset the 2.40 percent revenue decline forecast for 2026 while investment needs remain elevated.