Despite the liberalisation of Cyprus’s telecom sector, the market overall continues to be dominated by the incumbent, Cyta, which is still fully-owned by the state though the government continues to press for a sale of a minority stake in a bid to arrest the continuing decline in the operator’s market share. As such, these plans (which form part of the 2019 budget) have rekindled schemes to privatise Cyta dating to 2013 as part of a wider financial bailout package.
Improved regulatory conditions, particularly in relation to network interconnection and access, has given competing operators the confidence to invest in network infrastructure, to make use of unbundled local loops and to launch competing services. The mobile sector has secured some competition from the cableco Cablenet which launched services in 2017, though the operator only has a small market share.
This report introduces the key aspects of Cyprus’s fixed-line telecoms market, outlining the regulatory environment and providing updated operational and financial data on the major operators. Cyprus is a divided island with most of the information in this report concerned only with the Greek Cypriot area.
Cyta, MTN Cyprus, PrimeTel
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