MEO

MEO

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

MEO, also known as Altice Portugal, is privately owned and headquartered in Portugal, a subsidiary of Altice International. Founded in 2018, the company employs approximately 5,460 individuals and reported $2.5B in revenue as of 2024. Functioning as a tier 1 media tech buyer, the company specializes in telecoms, operating under the brand name 'MEO' and offering telecommunications services in Portugal.

2024 Revenue

Founded

2018

Headcount

5,455

Headquarters

Portugal

Primary Segment

Telecoms

Ownership

Privately Owned

News Summary:

On April 23, 2026, Portugal’s telecoms operator MEO reported revenues of €2.8 billion for the previous year, an increase of 1.3% over 2024, with its consumer segment growing 5% due to an electricity supply package. Just prior, on April 22, 2026, Altice Portugal reported generating revenue of €2.81 billion in 2025, marking a 3.5% decrease compared to the €2.91 billion recorded for 2024. In that report, revenue from fixed residential service increased by 12.0% to €871.0 million, while mobile mass market service revenue fell 4.9% to €480.8 million, and business services revenue declined by 11.7% to €1.30 billion. Earlier in the year, on January 2, 2026, Asterion Industrial Partners notified Portugal’s Competition Authority of its plans to acquire the PT Data Centre in Covilhã, belonging to Altice Portugal, for an expected €120 million, following an announcement in November.

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MEO offers 8 products in the media tech and media and telecoms services industries. MEO's product portfolio comprises of connectivity and distribution services, telecoms, consumer electronics and media and TV services.

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MEO's revenues were over $1B in 2024. Caretta Research has split MEO's revenue into 8 different product categories, the largest of which is enterprise broadband and voice. For full access to MEO's revenue breakdown subscribe to Caretta Portal.

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Apr

23rd

2026

18:30

Financial Results, Capital Investment, B2B Tag

MEO revenues up 1.3% to €2.8Bn

Portugal’s telecoms operator MEO enjoyed revenues of €2.8Bn last year, an increase of 1.3% on 2024. The telecommunications operator saw revenues increase due to the consumer segment, which grew 5% driven the company’s the electricity supply package.

Essential Business

Apr

22nd

2026

01:54

Financial Results, B2B Tag

Altice Portugal reports 3.5% revenue drop in 2025

Altice Portugal generated revenue of EUR 2.81 billion in 2025, a 3.5 percent decrease compared to the EUR 2.91 billion recorded for the year ended 31 December 2024. Revenue from fixed residential service increased by 12.0 percent to EUR 871.0 million, while mobile mass market service revenue fell 4.9 percent to EUR 480.8 million. Consumer equipment revenue rose 2.0 percent to EUR 156.1 million, while business services revenue declined by 11.7 percent to EUR 1.30 billion.

Feb

18th

2026

06:00

Capital Investment, Emerging Tech, ESG, B2B Tag

AI Pushes Data Center Boom — Portugal Gains Ground as Emerging Hub

AI is causing the data center industry to grow fast. The amount of data center space should almost double by 2030, going from 103 gigawatts to almost 200. JLL’s Global Data Centers Outlook 2026 says this industry could see about $3 trillion in investments if the real estate market doesn't get too expensive.

Jan

19th

2026

07:00

Capital Investment, B2B Tag

AICEP promotes first business meeting between Dominican Republic and Portugal focused on tourism

[Translated] The first business meeting on Tourism, Trade, and Investment between the Dominican Republic and Portugal took place today in Lisbon, with members of the Caribbean country's government in attendance. This business meeting was attended by AICEP, the Portuguese Business Association, and the Portuguese Chamber of Commerce and Industry (CCIP).

Diário do Distrito

Jan

2nd

2026

07:16

Capital Investment, B2B Tag

Asterion notifies competition authority of Covilhã data centre deal

Asterion Industrial Partners, a European investment firm for infrastructure (telcos, energy, transport), has informed Portugal’s Competition Authority of its acquisition plans for the PT Data Centre in Covilhã, belonging to Altice Portugal. Asterion will pay an expected €120 million for the data centre, a plan it announced in November.

Portugal Resident

Dec

12th

2025

10:23

Concept of Proximity Store in the new MEO Store in Braga

[Translated] MEO has just inaugurated a new MEO Store in Braga, at the Nova Arcada Shopping Center, with a new concept of proximity, without physical barriers between customers and service professionals, and with logistical conditions

MEO Institucional

Dec

6th

2025

11:38

Concept of MEO Proximity Store at the new MEO Store in Sertã

[Translated] MEO has just inaugurated a new MEO Store in Sertã, on Rua Cândido dos Reis, with a new concept of proximity, without physical barriers between customers and professionals, and with logistical conditions oriented towards

MEO Institucional

Dec

4th

2025

18:30

Corporate Restructuring, B2B Tag

EMEA Special Sits Weekly: Drahi Waves Magic Wand to Make Altice International Assets Disappear; Not so Public Bond Reporting; Uni Teach-Outs; Rolled Steel – Celsa Bond Return

Reporting: Chris Haffenden There are decades where nothing happens; and there are weeks where decades happen – Vladimir Ilyich Lenin They say that a week is a long time in politics. After the events at the Altice complex last week, it can now be applied to the Leveraged Finance market too.

Octus Intelligence

Dec

3rd

2025

18:30

Emerging Tech, B2B Tag

Morais Leitão participates in data center acquisition in Covilhã

[Translated] Morais Leitão advised Asterion Industrial Partners, in collaboration with Clifford Chance (Madrid), on the acquisition of the Covilhã Data Center from Altice Portugal for €120 million.The Covilhã Data Center is a data center with

Dec

3rd

2025

10:00

Altice Portugal becomes

Dec

3rd

2025

09:56

Clifford Chance and Morais Leitão on €120M data center acquisition

Clifford Chance has advised Asterion Industrial Partners on its entry into the Portuguese data centre market with the acquisition of the Covilhã data centre from Altice Portugal, a telecommunications perator, for €120 million. For matters relating to Portuguese law, Clifford Chance has had the support of Morais Leitão.

Dec

3rd

2025

08:53

Business Expansion, Capital Investment, B2B Tag

Asterion Industrial Partners Enters Portugal's Data Center Market

[Translated] Asterion Industrial Partners has announced its entry into Portugal's data center market through the acquisition of the Covilhã Data Center Campus from Altice Portugal, the country's main telecommunications operator, which will continue to be the main client under a long-term services framework agreement.

Cadenadesuministro

Examples of MEO's suppliers include Samsung Device eXperience, Google and Vistance Networks.

Example Suppliers

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Example Partners

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