Pharol SGPS SA is a Lisbon-based holding company focused on strategic investments in the telecommunications and digital economy sectors. The company’s core asset is a significant equity stake in Oi S.A., one of Brazil’s leading integrated telecom operators, providing fixed-line, mobile, broadband and pay-TV services. Pharol’s investment approach also extends to nurturing digital ventures in fintech, data analytics and Internet of Things (IoT), positioning the group as both an investor and incubator of high-growth technology businesses.
Established in 2013 as the successor to Portugal Telecom SGPS following the merger of Portugal Telecom with Oi, the company rebranded as Pharol in 2015. This transition marked its transformation from a traditional telecom operator into a diversified investment platform. Over the years, Pharol has reallocated capital from legacy European operations into emerging markets and digital start-ups, leveraging its telecommunications heritage to identify market-disruptive opportunities.
Pharol’s geographic footprint spans Europe, Latin America and Africa. Its principal exposure remains in Brazil through Oi’s nationwide network, while selective minority holdings and joint ventures in Portuguese-speaking African markets offer additional growth avenues. Beyond telecom infrastructure, Pharol supports enterprise software projects and mobile financial services aimed at enhancing connectivity and digital inclusion in under-served regions.
The company maintains a lean corporate structure overseen by an experienced board of directors and an executive committee with deep expertise in finance, telecom and corporate governance. With a focus on disciplined capital allocation, Pharol continues to refine its portfolio to capture value from the ongoing digital transformation of global communications markets.
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