Sydney, Dec. 14, 2020 (GLOBE NEWSWIRE) -- Just released, this edition of BuddeComm report outlines the latest developments and key trends in the telecoms markets. - https://www.budde.com.au/Research/Cyprus-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses/?utm_source=GNW
As such, these plans have rekindled schemes to privatise Cyta dating back 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 broadband market continues to develop steadily, providing the country with one of the highest broadband penetration rates in the region. DSL remains the dominant access platform, with cable broadband restricted to a single operator, Cablenet. Although Cablenet’s network was for long concentrated in a few key towns, under the management of its majority-owner GO the company has invested in both its fixed-line and mobile networks, and its cable infrastructure now covers about 53% of premises. Fibre infrastructure in Cyprus is still in its infancy, though Cyta since mid-2018 has embarked on a significant ten-year NGN investment program which includes extending an FttP service to about 200,000 premises.
The Cypriot mobile market is served by four mobile network operators. Cyta has offered mobile services under the Cytamobile-Vodafone brand since 2004 following a partner agreement with Vodafone Group, while Epic (known as MTN Cyprus before a rebranding exercise in June 2019) was once part of the MTN Group before being acquired by Monaco Telecom in mid-2018. PrimeTel added market competition after launching services in 2015 soon after the company secured mobile spectrum licences (it had offered services as an MVNO since 2011). The cableco Cablenet, which also offered mobile services as an MVNO, launched services over its own network in mid-2017.
This report introduces the key aspects of Cyprus’s telecoms market, outlining the regulatory environment and providing updated operational and financial data on the major operators. The report also reviews the mobile voice and data segments, also covering regulatory and technology developments. In addition, the report assesses the broadband and e-commerce markets.
BuddeComm notes that the outbreak of the Coronavirus is having a significant impact on production and supply chains globally. During the coming year the telecoms sector to various degrees is likely to experience a downturn in mobile device production, while it may also be difficult for network operators to manage workflows when maintaining and upgrading existing infrastructure. Overall progress towards 5G may be postponed or slowed down in some countries.
On the consumer side, spending on telecoms services and devices is under pressure from the financial effect of large-scale job losses and the consequent restriction on disposable incomes. However, the crucial nature of telecom services, both for general communication as well as a tool for home-working, will offset such pressures. In many markets the net effect should be a steady though reduced increased in subscriber growth.
Although it is challenging to predict and interpret the long-term impacts of the crisis as it develops, these have been acknowledged in the industry forecasts contained in this report.
The report also covers the responses of the telecom operators as well as government agencies and regulators as they react to the crisis to ensure that citizens can continue to make optimum use of telecom services. This can be reflected in subsidy schemes and the promotion of tele-health and tele-education, among other solutions.
Key Developments:
- Cyta expands FttP services, begins work on the ARSINOE cable forming part of the connecting to France and Egypt;
- Regulator preps for multi-spectrum auction, with licenses to be issued in January 2021;
- Epic signs vendor agreement with Huawei to develop 5G;
- PrimeTel, Epic and Cyta extend LTE services;
- Cyta upgrades transmission capacity on the TE-North Cable System to 500Gb/s;
- Report update includes the regulator’s market data to June 2020, operators’ data updates to Q3 2020, Telecom Maturity Index charts and analyses, assessment of the global impact of COVID-19 on the telecoms sector, recent market developments.
Companies mentioned in this report:
Cyta, PrimeTel, Multichoice, Cablenet, Cytamobile-Vodafone, Epic (MTN Cyprus), Kibris Telecom
Read the full report: https://www.budde.com.au/Research/Cyprus-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses/?utm_source=GNW