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NOS is the leading communications and entertainment group in Portugal and was born from the merger in August 2013 of the largest Pay TV operator, ZON, with the third largest mobile operator, Optimus. The new single corporate and commercial identity, NOS, was launched in May 2014. The largest Pay TV operator in Portugal, providing the most sophisticated and innovative convergent fixed and mobile telecoms services, NOS has 1.5 million Pay TV customers, 1.1 million fixed Broadband customers, 4.1 million mobile subscribers and 1.6million fixed voice customers. NOS has the largest next generation network in Portugal, covering 3.6 million households with HFC infrastructure, fully upgraded to Docsis 3.0 and already reaches 90% of the population with 4G mobile services. Core to NOS’ market share growth strategy is leadership in convergent services: by the end of 2015, NOS already had 591 thousand customers subscribing to convergent bundles, representing 42% of its fixed customer base. Through its cinema and audiovisuals division, NOS is market leader in cinema exhibition with 215 screens, representing a close to 60% market share of audience and box office sales and has a close to 72% share of cinema distribution and home video sales. NOS also has international operations through a 30% stake in ZAP, a satellite Pay TV joint venture operating in Angola and Mozambique. Launched commercially in 2010, ZAP has recorded very strong yearly, double-digit growth. In FY2015, NOS generated Consolidated Revenues of 1,444 million euros, EBITDA of 533 million euros and invested 408 million euros.

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