Business Model TransformationManagement's plan to evolve into a software-focused TechCo by prioritizing Cloud, ICT, cybersecurity and data-center services should shift revenue toward higher-margin activities and support margin recovery.
Network Expansion And Customer GrowthExpansion of the proprietary FTTH network and a clear increase in direct customers strengthen market reach, enhance infrastructure value and boost recurring revenue opportunities.
Valuation UpsideThe stock trades at a materially lower EV/EBITDA multiple than European telco peers, offering potential for a valuation rerating if strategic initiatives and asset monetization advance.