MEO

MEO

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

MEO, also known as Altice Portugal, is a privately owned telecommunications company founded in 2018 and headquartered in Portugal. Employing approximately 5,460 people, MEO generated over $1 billion in revenue in 2022. A wholly owned subsidiary of Altice Group, MEO provides various telecommunications services to the Portuguese market.

2024 Revenue

Founded

2018

Headcount

5,455

Headquarters

Portugal

Primary Segment

Telecoms

Ownership

Privately Owned

News Summary:

MEO reported second-quarter 2024 revenue of EUR 695 million, a 4.6 percent year-over-year increase (4.9 percent excluding Altice Labs). This increase resulted from a 4.8 percent improvement in the Consumer Segment and a 4.5 percent increase in the Business Services Segment. However, EBITDA decreased by 1.1 percent to EUR 244 million, while total investments increased by 3.1 percent to EUR 97 million. In the first half of 2024, MEO reported revenues of EUR 1.392 billion, a 3.5 percent increase compared to the same period in 2023, with EBITDA reaching EUR 488 million, representing a 3.4 percent decline. Approximately 800 workers joined a severance program in July 2024, adding to the 200 who had previously agreed to leave. Additionally, Altice Portugal is transferring operations of five companies with roughly 1500 employees to MEO as part of a restructuring effort.

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

Dec

2nd

2025

18:30

Alexandre Fonseca “very satisfied” with “winds of change” in national and European regulation

[Translated] Alexandre Fonseca, former president of Altice Portugal, said on Wednesday that he sees

Dec

1st

2025

18:30

Business Expansion, Capital Investment, ESG, B2B Tag

Asterion acquires Covilhã data center from Altice Portugal

The European mid-market infrastructure-focused investment firm this week announced its entry into the Portuguese data center market with the acquisition of the Covilhã data center campus from Altice Portugal. The €120 million ($140m) transaction, structured as a carve-out, is being executed through Asterion Infrastructure Fund III.

Dec

1st

2025

18:30

Clifford Chance advises Asterion on the acquisition of the Covilhã data centre from Altice Portugal

Clifford Chance advises Asterion on the acquisition of the Covilhã data centre from Altice Portugal Clifford Chance advises Asterion Industrial Partners on its entry into the Portuguese data centre market with the acquisition of the Covilhã data centre from Altice Portugal, the country’s leading telecommunications operator, for €120 million.

Clifford Chance

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

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