Prosegur: Telefónica home security JV ‘not on table’
Operator’s partner happy to sit on fast-growing alarm joint venture, despite signals that its worth may have more than trebled since being formed six years ago. The success of rival Verisure’s recent IPO has been noted but will not prompt a similar move by Prosegur in the short term, CFO indicates.
Organisations: ADT; MásOrange; Movistar Prosegur Alarmas; Nasdaq Stockholm; Orange; Prosegur; Prosegur Alarmas; Securitas Direct; Telefónica; Telefónica España; Verisure; Vodafone Spain.
Geographic: Europe; Iberia; Latin America; Portugal; South Africa; Spain; Stockholm; Switzerland; Western Europe.
People: Maite Rodríguez.
Themes: AI; connected-home security; flotation; joint venture; market capitalisation; monetisation strategy; product development; revenue growth; security partnerships; subscriber valuation; value growth.
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