Route Mobile up 12%

Route Mobile is a cloud-based Communications Platform-as-a-Service (CPaaS) provider. It offers end-to-end messaging, voice, email, and digital identity solutions designed to enable real-time, omni-channel customer engagement. The company recently became a key asset in the global CPaaS space after being acquired by Proximus Group for a deal valued at around €643 million.

And in this vein, the company announced yesterday that Proximus will partner with Nokia to explore opportunities that utilize their respective strengths in network API solutions to support developers as they create new applications for enterprises. The collaboration aims to expose Proximus Global and Nokia APIs on each other’s marketplaces, bridging the gap between the various industry segments and the telecom ecosystem.

The company said that this partnership with Nokia will strengthen its API capabilities, and the work it is doing with developers, all with the aim of providing Proximus Global enterprise and wholesale customers with new, value-added solutions.

The stock price has reacted positively to this news, opening over 2% higher at Rs.1024.05 and rising further to an intraday high at Rs.1119.90, up 12%. Its 52-week high is at Rs.1942 and low is at Rs.954.50.