NOS, S.G.P.S., S.A. (ZONNF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone. Thanks for joining NOSH second quarter 3035 results conference call. We'll have a presentation followed by Q&A as usual. But this time we'll start with Manuel Llanes, who is the ex-comm member in charge for B2B. He will go through some slides on CloudInert Portugal. It's easier to get more callers since this is the first quarter that we are actually consolidating the company. Then our TSO will go through the rest of the presentation before Q&A. Now I hand you over to Mehran. Thank you, Peter. Hi, everyone. I'd like to give you a quick update on Clarinet and to explain why we believe that we have now on IT a much bigger and better growth engine. The first note is that Clarinet's acquisition to a four times larger and faster-growing market. Basically, we estimate the telco market in Portugal to be the V3 market in Portugal to be worth 1.1B, and the IT market in Portugal to be worth around 4.6, with basically much, much higher structural growth. We believe that this growth is possible basically by driving expansion in three key purchase areas where either we have significant competitive advantages or have a high growth potential. We'll see that in the next stage. We'll be able to reinforce our position in managed services and in professional services as well. Actually, basically, we double the size of our IT services business with the acquisition of Foreignet. And we also believe that even the resale part of the business is key in the sense that it puts the non-group in the center of the deal flow of the key manufacturers in Portugal, the hardware and software, and that presents a very relevant opportunity for services growth, as most of the manufacturers will tell you. The second is that IT brings, or this acquisition, brings relevant scale and a full b...