Cablenet breaks the 10% market share barrier in mobile contract subscriptions, climbs to 3rd position

The market share report published by the Office of the Commissioner for Electronic Communications and Postal Regulation (OCECPR) for the Electronic Communications market until the end of 2023 was fully aligned with Cablenet's 2023 financial performance.

According to the data released in the said report, Cablenet continues to increase its mobile subscriber market share, thus confirming its leading role in the mobile telephony market, and with trends that indicate an excellent prospect for further growth.

Within two and a half years from its official launch as a fully-fledged mobile network operator in Cyprus, Cablenet successfully surpassed the 10% market share barrier for mobile contract subscriptions and climbed to 3rd position, while in the Prepaid services market, Cablenet was once again the provider that achieved the largest growth in new connections.

Specifically, Cablenet exceeded 100,000 mobile contract subscribers by the end of 2023, translating to 10.1% of the market share according to the OCECPR report. It is worth noting that the mobile contract subscriptions market increased by 53,750 subscriptions in 2023, of which 51% of this gain in subscriptions was allocated to Cablenet.

Regarding the Prepaid market, Cablenet was the mobile operator that recorded an impressive 4.9% increase in its market share during 2023, thus moving from 4.4% in 2022 to 9.3% market share by the end of 2023. This growth in prepaid market share translates to a 106% growth in its prepaid subscriber base in 2023.

Cablenet’s Chief Commercial Officer, Pambos Moyseos, stated, "The official results of the Department of Electronic Communications confirms Cablenet's dedication and determination in achieving its goals and objectives: to become the preferred choice in Telecommunication services by the public, both for its quality products and services and for its impeccable customer service. We are honored that our subscribers continue to reward us with their trust and loyalty and it encourages us to strive for even greater achievements."