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2020 Cyprus Country Report

The 2020 Cyprus Country Report features in-depth articles on the economy, foreign direct investment, international trade and headquartering as well as detailed sector profiles and insights from Cyprus’ 100 most influential political, economic and business leaders shaping the future of their country and its industries.

The 2020 Cyprus Country Report features in-depth articles on the economy, foreign direct investment, international trade and headquartering as well as detailed sector profiles and insights from Cyprus’ 100 most influential political, economic and business leaders shaping the future of their country and its industries.

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Telecoms & Satellite Communications<br />

Sector Profile<br />

BUILDING A<br />

GIGABIT FUTURE<br />

Developing high-end networks and<br />

advanced satellite communications<br />

are part of <strong>Cyprus</strong>’ efforts to build the<br />

foundations of a sustainable digital<br />

future and to strengthen its status as<br />

an international services hub and investment<br />

destination. Local telecom<br />

operators have started implementing<br />

Fibre-to-the-Home connections and have<br />

upgraded their cellular networks to provide 4G+<br />

coverage services, with fifth generation telecom<br />

technologies next on the agenda.<br />

The island already has a fully digital network<br />

with reliable high-speed international connectivity<br />

via eight fibre-optic submarine cables, including<br />

the world’s longest optical submarine telecommunications<br />

cable, SEA-MEWE-3, which<br />

links directly with Southeast Asia, the Middle<br />

East and Western Europe. <strong>Cyprus</strong> also has dedicated<br />

fibre links to major international Points of<br />

Presence and Connectivity, as well as top-tier satellite<br />

services ensuring all the right connections<br />

are in place. The strategic geographical location of<br />

<strong>Cyprus</strong>, its established framework for technology<br />

and research initiatives, and skilled workforce are<br />

all key aspects in the efforts to upgrade its telecoms<br />

landscape in line with Europe’s common<br />

digital agenda.<br />

<strong>Cyprus</strong> ranks 24 th in the European<br />

Commission’s <strong>2020</strong> Digital Economy and Society<br />

Index (DESI), and although still scoring below<br />

EU average, it is gradually closing the gap. The<br />

country has improved in the areas of connectivity,<br />

use of internet services, integration of digital<br />

technology and digital public services. <strong>Cyprus</strong><br />

performs well in fixed and fast broadband coverage<br />

and in fixed and mobile broadband takeup,<br />

in which its scores above the EU average. In<br />

fact, fixed network coverage is among the main<br />

factors boosting <strong>Cyprus</strong>’ ability to benefit from<br />

the digital economy.<br />

MOBILE AND BROADBAND<br />

<strong>Cyprus</strong>’ mobile network already covers almost<br />

100% of the population, and with high-speed<br />

broadband coverage available to around 90%<br />

of households, the country has been performing<br />

better than the EU average over the last few<br />

years. The target of the government’s National<br />

Broadband Plan 2016-<strong>2020</strong> is to reach full coverage<br />

and speeds of at least 100 Mbps by the end<br />

of <strong>2020</strong>. The strategy has since been updated to<br />

align with the 5G action plan which is fundamental<br />

to achieving the targets of the European<br />

gigabit society by 2025. By the end of this year,<br />

Already a strategic<br />

communications<br />

base, <strong>Cyprus</strong> now<br />

aims to become<br />

part of the European<br />

gigabit society by<br />

2025 and rolling<br />

out advanced nextgeneration<br />

services<br />

that are set to<br />

revolutionise all<br />

aspects of daily life.<br />

KEY<br />

contacts<br />

Ministry of Transport,<br />

Communications and Works<br />

www.mcw.gov.cy<br />

132 <strong>Country</strong> <strong>Report</strong> CYPRUS <strong>2020</strong>

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