Proximus PLC

Hello, and welcome to Proxima's Q2 2025 analyst conference call. My name is George. I'll be coordinator of today's event. Please note that this conference is being recorded, and for the duration of the call, your lines will be in the listen-only mode. However, you have the opportunity to ask questions towards the end of the presentation, and this will be done by pressing star 1 on your telephone keypad to answer your question. If you do find that your question has been answered, you may remove yourself from the queue by pressing star 2. If you require any assistance at any point, please press star zero, and you'll be connected to an operator. I'd like to recall our host today, Ms. Nancy Dozen's Investment Relations Lead, to begin today's conference. Please go ahead.

Thank you. Welcome, everyone. Thank you for joining this Proximus Results webcast. We will start with our presentation, and as usual, we will address all your questions after that. The presenters of today are the CEO at Intrim, Jan van Aqualeen, the group CFO, Marguerite. And for the Q&A, we are joined by the residential lead, Jim Castele, by Renaud Tillemans for the B2B telco part, and by the corporate affairs lead, Ben Appel. They will be taking your questions in a moment, but first handing over to Jan to take you through the highlights for today. Jan, please go ahead.

Thank you, Nancy. Good day, everybody. Thank you for joining us today. Stan Bannas, the new Proximus Group CEO, will be joining us as of September 1st and will be your host for the next round. But for today, I'll be taking you through the main takeaways from the second quarter, after which Mark will take over for a deeper dive. As you have all seen in our published report this morning, Proximus continued its robust domestic performance despite the intense competition. This is reflected in another strong financial quarter with both domestic service revenue and EBDA growing year over year. Network leadership remains a key pillar of our strategy with 5G coverage now above 80% and fiber in the street covering more than 45% of the Belgian homes and businesses. Regarding the fiber negotiations, we are pleased to announce that we have signed an MOU with Orange Belgium, covering a collaboration on fiber in Wallonia and the use of the HFC network in rural zones. For Flanders, significant progress was made during the second quarter, bringing us closer to the next step. Regarding our global segment, the part of our business faced accelerated headwinds in the CPaaS market, besides integration challenges that are impacting the go-to market. This was only partially compensated by a successful delivery of OPEX synergies. As a last point, thanks to the expected proceeds of the sale of B-Mobile, we will have achieved our original divestment plan target of €500 million by 2027, already this year, and have increased our ambition up to €600 million over the 2023-2027 period. Now handing over to Mark for a closer look and starting with the announced update of our full year guidance for 2025.