Lisbon, March 17, 2025 (Lusa) - Portuguese telecommunications company NOS on Monday announced that it has completed the acquisition of 100% of the share capital of Claranet Portugal, according to a statement published via the Securities Markets Commission (CMVM) that stressed that the unit would continue to operate autonomously.

"Following the communications made on 27 January and 06 March, NOS, SGPS, S.A. informs that it has concluded, on this date, the acquisition of 100% of the share capital of Claranet Portugal, S.A., after the completion of all the necessary acts for the closing of the operation," reads the note.

On 6 March, NOS revealed that it had been "notified of the Competition Authority's final decision not to oppose the concentration operation comprising the acquisition of 100% of the share capital of Claranet Portugal, S.A."

NOS had announced on 27 January that it had reached an agreement to buy tech company Claranet Portugal, for €152 million.

Claranet has been present in the Portuguese market since 2005.

In fiscal year 2024, Claranet's total revenues "amounted to 205 million euros, driven by the continued robust growth of its services business, with EBITDA (earnings before taxes, interest, depreciation and amortisation) reaching 15.4 million euros," NOS said in its statement.

The purchase of Claranet Portugal, the company said, "will allow NOS to increasingly assert itself as the national reference company in the communications and information technology segments, expanding its capabilities in a fast-growing sector and strengthening its value proposition in business areas such as cloud, workplace, cybersecurity and data & AI, among others."

Claranet Portugal has more than 900 employees and "will continue to operate autonomously, preserving its identity, management, teams and solid customer base," it stressed.

ALN/ARO // ARO.

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