Last updated: 3 Nov 2010 Update History
Report Status: Archived
Report Pages: 43
Analyst: Henry Lancaster
Publication Overview
This report covers trends and developments in telecommunications, mobile, Internet, broadband, Internet society and digital TV developments. Subjects include:
Researcher:- Paul Kwon
Current publication date:- November 2010 (9th Edition)
Next publication date:- November 2011
Executive Summary
Cyprus is a modern and prosperous nation in the Mediterranean, and posses a services-dominated economy. Economic growth has been assisted by its EU member status. Adoption of the Euro in 2008, conservative financial sector practices and strict supervision allowed Cyprus’ financial sector to escape the worst of the global economic turmoil although real GDP contracted by 1.7% in 2009, with a further 0.4% contraction forecasted by the EU for 2010, before a turn around of 1.3% expansion expected for 2011.
The nation possesses a well-developed telecoms market shaped by EU regulatory principles. The market has been fully liberalised although the incumbent remains government-owned, one of the few remaining in the EU. Government ownership of the incumbent is perceived as an impediment to competition, given the slow progress in stimulating competition through implementing regulatory reform. This will continue to be the case until the incumbent is privatised.
Broadband accounts for the majority of household Internet connections in Cyprus with ADSL the most popular fixed broadband access platform. Competition is based both on competing infrastructure deployments as well as EU regulatory principles designed to create a viable wholesale market. Competing infrastructure platforms include cable and wireless.
Growing broadband TV and cable TV availability has expanded competition in the broadcasting market, competing with terrestrial and satellite platforms.
Two mobile network operators offer services in Cyprus. With the mobile voice market at near saturation, the launch of 3G/HSDPA networks has opened up a new revenue growth opportunity centred on mobile broadband, with both operators offering competitive offerings with generous data allowances.
Cyprus broadband and telecoms statistics – 2010
Sector |
2010 |
2011 |
Broadband (thousand) |
||
Fixed broadband penetration |
200 |
210 |
Mobile broadband penetration |
610 |
660 |
Subscribers to telecoms services (thousand) |
||
Fixed-line telephone subscribers |
405 |
405 |
Mobile phone subscribers |
1,650 |
1,690 |
(Source: BuddeComm based on industry data)
Data in this report is the latest available at the time of preparation and may not be for the current year.
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