Altice Portugal

Altice Portugal

https://www.altice.pt/pt
https://www.linkedin.com/company/altice-portugal/

Altice Portugal, a privately owned company founded in 2018 and headquartered in Portugal, provides telecommunications services primarily under the MEO brand. Employing approximately 5,460 people, the company generated over $1 billion in revenue in 2022. Its core offering is pay television services, and it operates as a wholly owned subsidiary of the Altice Group.

2022 Revenue

Founded

2018

Headcount

5,455

Headquarters

Portugal

Primary Segment

Pay TV services

Ownership

Privately Owned

News Summary:

On October 24, 2024, Altice Portugal reported a revenue increase of 1.7 percent year-on-year in Q3 2024, reaching EUR 704 million. The consumer segment generated EUR 361 million in revenue (+5.9%), while the business services segment reached EUR 343 million (+5.8%), excluding Altice Labs' contribution (-2.4%). Service revenues increased by 4.9 percent. In the same month, Meo, Altice Portugal's mobile unit, launched its 5G API Sprint program at the Web Summit in Lisbon, inviting participation from companies, startups, and developers. On an unspecified date in January 2025, Meo will increase prices, citing contractual obligations, unlike Nos, which will not raise prices for its services in 2025. Also in October 2024, Altice Portugal's CEO, Ana Figueiredo, denied reports of asset sale discussions, including the sale of Meo. Finally, Altice Portugal announced its technology partnership with Skope, a new Museum of Medicine and Health in Aradas, Aveiro, providing connectivity and contributing to the development of an immersive experience.

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Altice Portugal offers 4 products in the media and telecoms services and media tech industries. Altice Portugal's product portfolio comprises of broadcast television and radio, pay TV services, connectivity and distribution services and streaming services.

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Altice Portugal's revenues were over $1B in 2022. Caretta Research has split Altice Portugal's revenue into 5 different product categories, the largest of which is pay TV. For full access to Altice Portugal's revenue breakdown subscribe to Caretta Portal.

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Dec

2nd

2024

08:16

Regulatory and Legal

Meo to increase prices in 2025, no change at Nos

Meo (Altice Portugal) confirmed it will increase its prices in January, citing contractual obligations, while Nos said it will not raise prices for its services and tariffs in 2025, official company sources told Economia Online. This marks a divergence from previous years, where major telecom operators typically implemented annual price adjustments based on inflation.

Nov

28th

2024

07:54

Financial Results

Altice Portugal reports stable EBITDA in Q3 on revenue up 2%

Altice Portugal reported revenue of EUR 704 million in Q3 2024, an increase of 1.7 percent year-on-year. Revenues from the consumer segment totalled EUR 361 million (+5.9%), while revenues from the business services segment reached EUR 343 million (+5.8%), excluding the global contribution from Altice Labs (-2.4%). Service revenues increased by 4.9 percent as a result of the growth in the customer base and the increase in ARPU.

Nov

15th

2024

09:35

Meo launches 5G innovation program at Web Summit

Altice Portugal's mobile unit Meo unveiled its new 5G innovation program, 5G API Sprint, at Web Summit in Lisbon. This program, designed as a contest, invites companies, startups, and developers to explore the potential of 5G by creating new prototypes or redesigning applications using standardized telecom APIs.

Nov

11th

2024

11:05

Altice Portugal CEO says no Meo sale talks underway

Ana Figueiredo, CEO of Altice Portugal, has definitively stated that the company is not currently engaged in any discussions to sell its assets, including its flagship brand Meo, reported Jornal de Negocios. This clarification comes after speculation arose following the termination of negotiations with Saudi Telecom for a potential purchase of Altice's Portuguese operations.

Oct

23rd

2024

14:28

Business Expansion, Partnerships and Alliances

Altice supports medical history museum in Aveiro

Altice Portugal announced it's the technology partner for Skope, a new Museum of Medicine and Health which has justed been opened by the Casa Hermes foundation in Aradas, Aveiro. Altice Labs provides connectivity for the museum and helped develop an immersive museum experience called 'inSkope', showing the history of medicine firsthand, including insights on the visitor's health.

Oct

17th

2024

04:05

Altice Portugal union warns of asset sale risks

The Altice Group Workers Union (STPT) has expressed concerns over the proposed sale of 50.01 percent of the network operator FastFiber to Morgan Stanley Infrastructure Partners, reported Jornal Economico. The union believes that this sale, along with previous asset sales like the telecommunications towers and attempted sale of the Covilha Data Centre, could negatively impact Altice Portugal's future and the stability of its workforce.

Oct

4th

2024

05:53

Partnerships and Alliances, Regulatory and Legal

Altice Portugal implements ChatGPT to check documents for telecoms regulation compliance

Altice Portugal, the owner of Meo, has partnered with DXC Technology to address the growing need for up-to-date compliance with telecommunications regulations. The partnership has led to the integration of ChatGPT into Altice's legal department, leveraging AI to analyse and synthesise information from an internal database, reported Jornal Economico.

Oct

3rd

2024

04:08

Awards and Recognitions

The winners of our CTO of the Year Awards 2024 are…

The winners of Mobile Europe’s CTO of the Year Awards are Jose Pedro Nascimento, CTO at Altice Portugal in the Gamechanger category and Colin Bannon, CTO of BT Global in the Trailblazer category. Obviously entries to the Awards are confidential but we’re not letting too many cats out of the bag by saying that Jose Pedro’s entry was chosen for his team’s innovation on both the IT (BSS/OSS) and Network sides.

Oct

1st

2024

03:30

Awards and Recognitions

Meo named best for mobile coverage in Portugal

Altice Portugal's Meo has been awarded the Best Mobile Coverage award by Ookla. Based on Speedtest Intelligence data for the first and second quarters of 2024, Meo achieved a coverage score of 77.19 percent, outperforming the other major national operators.

Sep

6th

2024

01:00

Business Expansion

Altice Portugal unveils new Meo store with proximity concept

Altice Portugal has opened a new Meo store in Loures featuring a barrier-free design that fosters a more personal customer experience. The store also offers digital displays and interactive experiences, with 8 professionals offering expert advice and support. Customers will be able to acquaint themselves with Meo, Moche, and Meo Empresas products and services, or receive technical assistance.

Aug

30th

2024

06:27

Financial Results

Altice Portugal sees 5% revenue growth in Q2 to EUR 705 million

Altice Portugal recorded revenues of EUR 705 million in Q2 2024, a 4.7 percent annual increase when excluding Altice Labs, but a drop of 1.7 percent if Altice Labs is included. Revenues in the consumer segment amounted to EUR 348 million (+3.6%), while in the business segment they totaled EUR 320 million (+5.8%), excluding Altice Labs.

Aug

14th

2024

09:47

Altice Portugal

Held in Zambujeira do Mar in southwest Portugal, MEO Sudoeste features some of the biggest names in pop, rock, rap, reggae and dance music and attracts fans from all over the world. In 2019, 157,000 people attended the event, making it one of the largest in festival history.

Ruckus Networks

Examples of Altice Portugal's suppliers include Barco, NAGRA-Kudelski and Google.

Example Suppliers

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Example Partners

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