MEO has signed a contract with Nokia to modernize existing radio access network (RAN) infrastructure and enhance its 5G capabilities in Portugal.
MEO Capex
Altice Group, which operates MEO telecom service brand in Portugal, has generated €695.3 million in revenue from Portugal during the first-quarter of 2024. MEO has generated revenue of €186.3 million from Fixed, €126.4 million from Mobile, and €358.9 million from Business services in Q1.
MEO Portugal’s capital expenditures (Capex) were €99.4 million for the first three-months of 2024, a 10.3 percent decrease compared to €110.8 million in Q1 2023. Working capital increased by €20.2 million due to payment phasing of capital expenditures.
Nokia will supply equipment from its 5G AirScale portfolio powered by its energy-efficient ReefShark System-on-Chip technology, including Massive MIMO, baseband, and remote radio head solutions for both indoor and outdoor scenarios. MEO will also utilize Nokia’s MantaRay SON, the Self-Organizing Networks solution, for optimization and network assurance.
MEO will leverage Nokia’s Global Delivery Center in Portugal for complete project delivery and support services.
Jose Pedro Nascimento, Chief Technology Officer of MEO, said: “Our partnership with Nokia has already resulted in impressive projects, and we are excited to continue working together to fully realize the potential of 5G technology.”
MEO Revenue
MEO’s fixed residential service revenue rose 4 percent to €186.3 million in Q1 2024 due to subscriber base and ARPU growth, contribution from convergent package fees and migration from DSL network to the fibre network.
Portugal’s mobile residential service revenue grew 3.2 percent to €126.4 million in Q1 2024 due to hike in postpaid revenues driven by subscriber base growth and ARPU.
MEO’s residential equipment revenue decreased 4.5 percent to €32.1 million in Q1 2024.
MEO’s business services revenue fell 1.4 percent to €358.9 million due to lower equipment sales from Altice Labs.
Baburajan Kizhakedath
