Telecom OperatorsGreen Tech

Portuguese telco NOS secured €300m in bank-backed loans for sustainability

NOS has contracted bank financing totalling 300 million euros, enabling it to meet its sustainable objectives. Through this operation, NOS now has 95 per cent of its debt subordinated to sustainable objectives.

As clarified by the operator, this indicates that nearly all (95%) of its debt is tied to environmental and social goals, including its main focus, which is to lower its GHG emissions by 80% in 2025 in comparison to 2019.

José Koch Ferreira, CFO of NOS, clearly emphasises on  the company’s alignment with the circular economy by stating that “These lines represent a milestone and reinforcement of our commitment to sustainability and ESG criteria. They allow us to achieve more competitive financing costs, as well as smooth and balance the maturity curve of our debt.”


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