Cablenet Expands Network To 235,000 Homes In Cyprus

by THEFUTURE.TEAM

March 27, 2026

Cablenet Communication Systems PLC reported €69.7 million in revenue for 2025. The company expanded its network and increased its mobile subscriber base during the year. Data show growth across mobile and broadband segments. Investments focused on network coverage and service offerings.

Revolutionizing The Digital Ecosystem

Cablenet expanded its network and updated its product offering. Services are structured around flexible plans without long-term contracts. The company introduced gigabit-speed home internet with same-day activation and a trial period. Offer targets demand for higher-speed connectivity.

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Driving Mobile And Broadband Growth

The company has also executed a significant expansion in both its mobile and fixed broadband segments. Mobile subscribers grew by 9% to reach approximately 171,000, spurred by the rollout of 5G services and an inclusive 5G Unlimited portfolio featuring unlimited data, entertainment options, and international connectivity. Meanwhile, the fixed network footprint now covers 235,000 homes across Cyprus, conveying Cablenet’s ambition to deliver future-ready, high-speed connectivity for both households and businesses.

Innovative Partnerships And Premium Content

Cablenet introduced HBO content in Cyprus through a telecom partnership. Offering adds premium entertainment to bundled services. The company is expanding content alongside connectivity services. Strategy targets broader digital service adoption.

A Vision For Sustainable Growth

Chairman Nikhil Patil said the company continues to invest in the network and services. CEO Ioannis Mavridis said expansion will continue in 2026. Plans include further development of mobile and fibre infrastructure. The company also aims to expand digital services and content offerings.

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Cyprus Introduces €200 Million Support Measures To Cut Energy And Food Costs

by THEFUTURE.TEAM

March 27, 2026

Comprehensive Relief Measures For A Resilient Economy

The government of Cyprus introduced support measures exceeding €200 million to reduce household expenses and support key sectors. The package targets energy costs, food prices, tourism and agriculture. Measures come in response to rising costs and supply pressures. Implementation begins in April and May 2026.

Energy And Fiscal Reforms

The government will reduce VAT on electricity for households to 5% from May 1, 2026, to March 31, 2027. The measure is expected to lower energy bills. Special consumption tax on transport fuels will decrease by 8.33 cents per liter between April and June 2026. Policy targets fuel-related costs.

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Broadening The Zero VAT Initiative

Authorities will expand the list of products with zero VAT. Meat, poultry and fish will be included from April 1 to September 30, 2026. Existing zero-VAT categories already include fruits and vegetables. The government also decided not to introduce a green tax on fuels, avoiding an additional cost of about 9 cents per liter.

Sector-Specific Supports

The package includes a 30% wage subsidy for hotel employees for April 2026. Measure supports tourism businesses during the early season. Support for airlines aims to maintain connectivity with key destinations. The agriculture sector will receive subsidies covering 15% of costs for fertilizers and supplies in April and May.

Economic Stability, National Security

President Nikos Christodoulidis said economic stability remains a priority for the government. He noted that growth, fiscal balance and inflation trends support current policy decisions. Statement links economic policy with broader national priorities. The government continues to monitor external risks.

Ensuring Consumer Protection

Furthermore, the government has mandated rigorous market oversight and intensified inspections to prevent exploitative pricing during this period of economic intervention. This proactive stance ensures that the benefits of the measures directly serve the citizens without unintended inflationary impacts.

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