Cablenet Communication Systems PLC
| ISIN | 🆔 |
|---|---|
| Industry | Telecommunications |
| Founded 📆 | 2003 (as NV Cable Communication Systems) |
| Founder 👔 | |
| Headquarters 🏙️ | Nicosia, Cyprus |
Area served 🗺️ | Cyprus |
| Owner | Go p.l.c. (70.2%), Nicolas Shacolas (29.8%) |
| Members | |
Number of employees | |
| 🌐 Website | cablenet |
| 📇 Address | |
| 📞 telephone | |
Cablenet Communication Systems PLC (operating as Cablenet), is a Cyprus based telecommunications services provider primarily owned by the Maltese telecommunications company GO.[1] It is the second largest internet service provide (ISP) in Cyprus by number of subscribers, behind CYTA.[2] In addition to being an ISP, the company provides services relating to fixed telephony, cable TV and mobile telephony.
History
Founding and Introduction of Cable TV, Internet and Fixed Telephony Services (2003-2006)
The company began its operations as NV Cable Communication Systems[3][4] in 2004[5] under the Cablenet brand with the aim of providing cable TV service in Cyprus.[6] In August 2006 the company was renamed Cablenet Communications Systems Ltd. coinciding with its takeover by the C.N. Shiacolas Group of Companies (CNS).[7][8]
Following its purchase by the latter, Cablenet introduced internet
Investment and Majority Ownership by Go p.l.c & Expansion of Mobile Telephony Services (2014 - present)
On 28 March 2014, Go p.l.c. purchased 25% of Cablenet's issued share capital.[9] In January 2016, Go became the company's controlling shareholder, and currently maintains 70.2% of the company's total issued shares.[10][11]
In 2015 Cablenet began offering mobile telephony services, through the launch of its virtual mobile network (MVNO) on the CytaVoda network.[12]
In May 2019, Cablenet acquired the fourth mobile network licence in Cyprus after bidding €7 million, enabling it to build and operate its own independent mobile network.[13] As a part of the licensing condition, Cablenet is required to launch and operate a 4G network covering 75% of Cyprus (under government control) by 31 December 2023. In order to aid its transition from an MVNO to a mobile network operator (MNO), in May 2021 Cablenet entered into a memorandum of understanding with CYTA (under a RAN-sharing agreement) to use the latter's infrastructure and network, to offer mobile services to Cablenet’s current and future clients.[14]
In December 2020 Cablenet participated in the Cyprus Government's 5G licence auction, winning a licence enabling it to build and operate a 5G network.[15]
According to statistics released by the Office of Electronic Communications & Postal Regulations (OCECPR), in the fourth quarter of 2021, Cablenet was the second largest ISP in Cyprus, after CYTA (which has a market share of 57.4%), controlling 23.5% of the market.[16]
References
- ↑ "Investor Centre - Company Structure". Cablenet Communication Systems PLC. Retrieved 2021-05-14.
- ↑ ΣΤΑΤΙΣΤΙΚΟ ΔΕΛΤΙΟ ΓΙΑ ΤΗΝ ΑΓΟΡΑ ΣΤΑΘΕΡΗΣ ΤΗΛΕΦΩΝΙΑΣ ΚΑΙ ΣΤΑΘΕΡΗΣ ΕΥΡΥΖΩΝΙΚΗΣ ΜΕΧΡΙ ΤΟΝ ΔΕΚΕΜΒΡΙΟ 2020 [STATISTICAL SHEET FOR THE FIXED TELEPHONE AND FIXED BROADBAND MARKET UNTIL DECEMBER 2020] (PDF). OCECPR (in Ελληνικά). March 2021. Archived from the original (PDF) on 14 May 2021. Retrieved 14 May 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Search Results". efiling.drcor.mcit.gov.cy. Retrieved 2021-06-20.
- ↑ "Cablenet". 2004-11-26. Archived from the original on 26 November 2004. Retrieved 2021-06-20. Unknown parameter
|url-status=ignored (help) - ↑ fm (2005-07-19). "Cablenet Cyprus to offer Internet link". Financial Mirror. Retrieved 2021-06-20.
- ↑ "Cablenet Communication Systems Ltd Report and Financial statements" (PDF). 2019-12-31. Archived from the original (PDF) on 26 September 2020. Retrieved 2021-06-20. Unknown parameter
|url-status=ignored (help) - ↑ "Eτήσια Έκθεση 2006" (PDF). Electricity Authority of Cyprus (in Ελληνικά). 2006. Archived from the original (PDF) on 2021-06-20. Retrieved 2021-06-20. Unknown parameter
|url-status=ignored (help) - ↑ "51. Νικόλας Σιακόλας, CEO Cablenet". Economy Today (in Ελληνικά). Retrieved 2022-11-22.
- ↑ "GO acquires shareholding in Cypriot company, Cablenet". Gozo News. 2014-03-28. Retrieved 2022-09-05.
- ↑ "Malta's telecom GO acquires majority stake in Cablenet | Cyprus Mail". cyprus-mail.com. Retrieved 2022-09-05.
- ↑ "Investor Centre - Company Structure". Cablenet Communication Systems PLC. Retrieved 2022-09-05.
- ↑ "Investor Presentation" (PDF). Cablenet. June 2020. Retrieved 2022-09-05.
- ↑ "Cablenet: Πήρε την άδεια για νέο δίκτυο κινητής τηλεφωνίας". Kathimerini.com.cy. 16 May 2019. Retrieved 2022-09-05.
- ↑ "Cablenet Communication Systems plc – Financial Analysis Summary (the "Update FAS")" (PDF). Cablenet. 26 May 2022. Retrieved 2022-09-05.
- ↑ "Bidding process for 5G completed, first licences in January 2021". Stockwatch. 2020-12-17. Archived from the original on 2022-09-05. Retrieved 2022-09-05. Unknown parameter
|url-status=ignored (help) - ↑ Savva, Anna (2022-03-12). "Number of mobile users up by almost 25,000 last year". Cyprus Mail. Archived from the original on 2022-09-05. Retrieved 2022-09-05. Unknown parameter
|url-status=ignored (help)
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