Company Performance: Revenue growth, profitability, and market share gains typically increase stock value. Conversely, losses and declining sales often lead to price drops. Industry Trends: Positive developments in the broader telecommunications sector can boost investor confidence, while negative trends like increased competition or regulatory hurdles can weigh on the stock. Economic Conditions: Macroeconomic factors such as interest rates, inflation, and overall economic growth influence investor sentiment and the availability of capital, impacting ME9.BE's stock price. Investor Sentiment: Market perception and investor confidence in Belgacom (Proximus) play a significant role. News, rumors, and analyst ratings can trigger buying or selling pressure. Dividend Policy: Belgacom's dividend payouts and announcements about future dividend strategies can influence investor demand and thus, the stock price, especially for income-focused investors. Regulatory Environment: Government regulations affecting the telecommunications industry, including spectrum allocation, competition policies, and data privacy laws, can significantly impact Belgacom's operations and profitability.