Ribeiro, Gonçalo SommerCorreia, João Manuel Gandum2024-12-092024-12-092024-01-232023-12-20http://hdl.handle.net/10362/176313The following Work Project consists of an Equity Research report on NOS SGPS S.A., one of the largest telecommunications and media and entertainment companies operating in Portugal. The report offers an overview of the company’s business model, industries, strategy and an analysis on the historical financial performance. Afterwards, a valuation for each of the company’s business segments was performed, from which the group issues a BUY recommendation considering a calculated upside of 36.37%. Furthermore, the report scrutinizes NOS SGPS's readiness in the face of a possible disruptive entrant in the telecommunications sector, drawing parallels to Free Mobile's impact in France.engTelecommunicationsValuationForecastDisruptive companymaster thesis203681320