Pharol, SGPS S.A. is a holding company headquartered in Lisbon, Portugal, specializing in owning shares in telecommunications companies. Its primary function is to manage investments in the telecom sector, notably holding a 0.02% stake in Oi S.A., a Brazilian telecommunications firm, as of the end of 2024. With a lean operation of just 11 employees, Pharol focuses on extracting maximum value from its assets while reducing liabilities and returning cash to shareholders. The company operates within the integrated telecommunications services industry, encompassing areas such as fixed, mobile, and multimedia communications, information systems, research and development, satellite communications, and international investments. Led by CEO and Chairman Luís Maria Viana Palha da Silva since 2015 and 2017 respectively, Pharol plays a niche role in the financial markets by providing exposure to global telecom holdings, particularly in emerging markets like Brazil. Renamed Pharol in 2015, it maintains a streamlined governance structure with key directors overseeing strategic decisions in this specialized investment vehicle.