adminNOS, S.G.P.S., S.A (OTCPK:ZONNF) Q2 2025 Earnings Conference Call July 22, 2025 7:00 AM ET
Company Participants
Luis Moutinho do Nascimento – Executive Director
Manuel Antonio-Neto-Portugal- Ramalho Eanes – Executive Director
Miguel Nuno Santos Almeida – CEO & Vice-Chairman
Pedro Cota Dias – Corporate Participant
Conference Call Participants
Ajay Soni – JPMorgan Chase & Co, Research Division
António Seladas – A|S Independent Research
Mathieu Robilliard – Barclays Bank PLC, Research Division
Pedro Cota Dias
Hello, everyone. Thanks for joining NOS Second Quarter 2025 Results Conference Call. We’ll have a presentation followed by Q&A, as usual. But this time, we’ll start with Manuel Eanes, who is the [ Ex-com ] member in charge for B2B. He will go through some slides on Claranet Portugal to give you a bit more color since this is the first quarter that we are actually consolidating the company. Then Luis, our CFO, will go through the rest of the presentation before Q&A.
I’ll now hand you over to Manuel.
Manuel Antonio-Neto-Portugal-Ramalho Eanes
Thank you, Pedro. Hi, everyone. I’d like to give you a quick update on Claranet and to explain why we believe that we have now on IT a much bigger and better growth engine.
The first note is that the Claranet ‘s acquisition boosts NOS’s exposure to a 4x larger and faster-growing market. Basically, the — we estimate the telco market in Portugal to be — the B2B market in Portugal to be worth EUR 1.1 billion and the IT market in Portugal to be worth around EUR 4.6 billion with basically much, much higher structural growth.
We believe that this growth is possible to basically by driving expansion in 3 key purchase areas where either we have significant competitive advantages or have a high growth potential. We’ll see that in the next page. We
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