Meo faced intense competitive pressure in the second quarter of 2026, resulting in revenue stagnation and a 7.5% drop in EBITDA to 222 million euros in the quarter. In the first half, total EBITDA reached 443 million euros, a decline of 7.5% compared to the same period last year, while revenues grew only 0.2% to 1,297 million euros. The company is undergoing a full restructuring, having already lost 1,200 workers between January 2025 and end of 2026, with the aim of saving 45 million euros annually. In response to pressure in the consumer segment, Meo has been focusing on diversification, with Meo Energia growing 36% and reaching 256,000 customers, in addition to strengthening the business segment. CEO Ana Figueiredo stated that the benefits of the transformation will be visible throughout 2027, emphasizing the need for regulatory predictability in the telecommunications sector.
Eco27/08/26, 16:30