Altice Portugal Achieves Nearly €3 Billion Revenue in 2023

Altice Portugal, a key player in the telecommunications industry, has reported a remarkable revenue of €2.906 billion for the year 2023. This achievement comes despite financial and legal challenges faced by its parent company, Altice International.

Key Facts

Altice Portugal’s revenue for 2023 was €2.906 billion, marking a 10.5% increase from 2022.
The company’s EBITDA rose by 14.5% to €1.03 billion.
Altice Portugal contributed over half of Altice International’s total revenue.
Significant growth was driven by diversification in non-telco products and services.
The company expects reduced investment in 5G implementation in the coming year.

Financial Performance

Altice Portugal’s revenue of €2.906 billion for 2023 represents a 10.5% growth compared to the previous year. The company’s EBITDA also saw a significant increase, rising by 14.5% to €1.03 billion. This strong financial performance makes Altice Portugal a crucial contributor to Altice International’s overall revenue, which totaled €5.143 billion.

Quarterly Highlights

In the fourth quarter of 2023, Altice Portugal’s revenues increased by 7.5%, reaching €747 million. The company services segment was the largest contributor, with a turnover of €393 million. This growth was fueled by the diversification of the company’s portfolio, including non-telco products and services, and the expansion of new business lines such as technology exports from Alice Labs.

Investment and CAPEX

Altice Portugal’s capital expenditure (CAPEX) for 2023 stood at €488 million, slightly above the €483 million reported for the fourth quarter. Of this total, €147 million was invested in the last three months of the year. The investments focused on strengthening the mobile network, upgrading core infrastructures, and expanding the fiber optic network in Portugal. With the near completion of 5G implementation, the company anticipates a reduction in investment for the upcoming year.

Operational Profits

Altice International reported operational profits of €554 million for 2023. However, the specific contribution from Altice Portugal was not disclosed, as the company does not release isolated results.

Future Outlook

Looking ahead, Altice Portugal aims to continue its growth trajectory by leveraging its diversified portfolio and expanding its technological capabilities. The company is optimistic about maintaining its strong financial performance while reducing investment in 5G infrastructure across all its markets.