PT Multimédia

NOS, SGPS S.A.

Type	Sociedade Anónima
Traded as	Euronext: NOS
Industry	Telecommunications, media
Founded	1994 (as PT Multimédia) 2007 (spin-off from Portugal Telecom) 2013 (merger with Optimus Telecomunicações) 2014 (as NOS)
Headquarters	Lisbon, Portugal
Key people	Miguel Almeida (CEO) Isabel dos Santos (non-executive administrator)
Products	Cable television (HFC), FTTH, broadband Internet access, landline, mobile operator, television broadcasting, film distribution, movie theater operation
Revenue	€1.44 billion (2015)
Operating income	€533 million (2015)
Profit	€82.7 million (2015)
Total assets	€2.889 billion (2013)
Total equity	€250.2 million (end 2010)
Number of employees	1,875 (Q1 2014)
Subsidiaries	NOS Comunicações (100%), NOS Madeira Comunicações, S.A. (78%), NOS Açores Comunicações, S.A. (84%), NOS Audiovisuais (100%), NOS Cinemas (100%), Sport TV (25%), Dreamia (50%) and ZAP (30%)
Website	www.nos.pt

NOS, SGPS S.A. is a Portuguese media holding company whose main assets include a satellite, cable operator, and ISP, a mobile phone operator, a movie distributor (NOS Audiovisuais) and a virtual carrier of mobile phone services. Its services include cable television, cable internet and VOIP. NOS (formerly PT Multimédia, ZON Multimédia and ZON Optimus) is the spun-off media arm of Portugal Telecom. NOS produces several premium channels for the TV platform, which include SportTV (joint-venture with Controlinveste) and TVCine. NOS Audiovisuais (formerly ZON Lusomundo) is also the home-video distributor of Walt Disney Pictures, Warner Bros., DreamWorks and Paramount Pictures releases in the Portuguese market, alongside of launching several independent and European titles.

NOS was founded as TVCabo in 1994, and was the third cable operator to be founded in Portugal (the first was the regional Cabo TV Madeirense, which was founded in 1992, followed by Bragatel early on in 1994). The first customer was connecter in November 1994. Initially the channel offer consisted of thirty channels and the number of Portuguese-speaking channels was initially limited to the terrestrial channels, with the number of Portuguese-speaking channels increasing as the years went on.

The company might be considered a Portuguese dot-com. In the PT Multimédia days, it brought Portugal Telecom SAPO (a successful web portal and search engine, sold to its parent company in 2005), Lusomundo (a successful movie distributor, movie theater operator included in the spun off company and, formerly, the owner of the Diário de Notícias newspaper and the TSF radio, which were sold to Controlinveste the same year as SAPO was sold) and several TV channels such as SportTV, CNL (now SIC Notícias) and TVCine. (MOV was only created after the spin-off).