Cablenet Achieves Remarkable Growth in Cyprus Telecom Market
Rising Market Share and Subscriptions Cement Cablenet’s Position in Mobile Telephony
Cablenet's financial results for 2023 are closely aligned with the official statistical data announced by the Commissioner's Office for Electronic Communications and Postal Services for the Electronic Communications market until the end of 2023. According to the publicized data, Cablenet has captured an increasingly significant subscriber share, confirming its leading role in the Mobile Telephony market with excellent prospects for further growth.
In just 2.5 years since its official launch as a full-fledged provider in Mobile Telephony, Cablenet managed to break the 10% market share barrier in contract subscriptions, rising to the 3rd position. Additionally, in the Prepaid Mobile service, it recorded the highest connection growth in 2023.
Specifically, in Mobile contract plans, Cablenet surpassed 100,000 subscribers, ranking as the 3rd largest Mobile Telephony provider. The company currently holds 10.1% of the contract subscription market in Cyprus. It's noteworthy that the contract subscriber market in 2023 grew by 53,750 subscriptions, of which 51% chose Cablenet as their telecommunications provider.
In the Prepaid Mobile service, Cablenet was the Telecommunications company that, during 2022-2023, achieved an impressive 4.9% increase in market share, currently holding 9.3% of the market. The rate of new connections increased by 106% compared to 2022.
Cablenet's Chief Commercial Officer, Mr. Pambos Mousaios, stated: "The official statistical data from the Department of Electronic Communications prove Cablenet's dedication to its goal and persistence in achieving it: to become the preferred company for the public, both for its quality products and services and for its impeccable service. The trust of our subscribers honors us and motivates us for even greater achievements."