Nos CEO thinks it’s “too early” to talk about succession. “I’ve got plenty of energy and ideas, and I’m still motivated”
Miguel Almeida seems to have the "energy" and “motivation” to keep running the telecoms company. His term ends at the end of 2027. When asked, he says it's "a bit early" to talk about his succession.
Aware that some already call him the ‘dinosaur’ of telecommunications, the longest-serving manager at the helm of a telecommunications operator in Portugal shows strength, energy and determination to carry out his mandate. Miguel Almeida therefore considers that it is “premature” to discuss his succession as head of Nos.
“Despite being a dinosaur with many years under my belt, I feel very young. In fact, I look like a young man”, joked Miguel Almeida, when asked on Wednesday by ECO if this will be his last term as CEO of the telecom operator.
Born in Porto in 1967 — he turns 59 this year — the engineer and manager will end his current term at the end of 2027, after being reappointed last year. In the past, there were rumours that he wanted to leave. But, in response to the question, Miguel Almeida assures that he has the strength necessary to lead a company that is in the midst of external and internal transformation.
“I have no shortage of energy and ideas, nor of will”, assures the manager, alluding to his continuity in the leadership of Nos. “Now, it’s a question for the shareholders, and it’s not even a short-term issue. The term ends at the end of 2027, so I think it’s a little premature to be opening that discussion”, he replied.
Miguel Almeida has been the head of Nos since its inception, when the company emerged from the merger of Optimus and Zon in October 2013. Prior to that, he was the CEO of Optimus, a position he had held since 2010. However, he had been an executive director since 2000.
At the press conference he gave on Wednesday to present the 2025 results – and insist that Nos is no longer a Telco, but a Techco – Miguel Almeida praised this journey when he referred to the effects of the storms that ravaged the country between late January and mid-February, indicating that, in 26 years in the sector, he had never seen anything like it.
Nos suffered a 10% drop in profits in 2025, but the decline is explained by the lower impact of the “recurring effects” that had boosted the accounts in 2024. Excluding this impact, net income would have grown by almost 30% in a year in which the company acquired Claranet Portugal. In this context, the management proposed maintaining the ordinary dividend and doubling the extraordinary dividend, with a total payout of 45 cents per share.
The CEO of Nos explained on Wednesday that the company wants to continue diversifying its business into the provision of technological services. In this regard, he did not rule out the intention to acquire other technology companies, signalling that there may be news later this year.
