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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 />

ment the country’s efficient fibre-optic connections<br />

and provide integrated solutions for a reliable<br />

worldwide 24/7 connection.<br />

A key player in the fibre-optic cable and satellite<br />

networks is Cytaglobal, which is a semiautonomous<br />

Strategic Business Unit under stateowned<br />

operator Cyta and specialises in providing<br />

global electronic communication products and<br />

services. Through its global network, Cytaglobal<br />

also provides a wide range of international telecommunications<br />

products. In <strong>2020</strong>, the company<br />

announced its Makarios Teleport was certified<br />

and ranked as Tier 4 – the highest degree of excellence<br />

– by the World Teleport Association<br />

(WTA). The <strong>Cyprus</strong> teleport site is one of only<br />

16 fully certified teleports worldwide to achieve<br />

a Tier 4 certification, and distinguishes it from<br />

other teleports in the Eastern Mediterranean<br />

region.<br />

Another major player in satellite services is<br />

Greek-Cypriot consortium Hellas Sat, which<br />

was formed in 2001. This agreement helped put<br />

<strong>Cyprus</strong> on the global satellite map and was an<br />

important step in strengthening the country’s position<br />

as a successful regional satellite communications<br />

centre. In 2019, the company successfully<br />

launched its third satellite, Hellas Sat 4, into orbit.<br />

The launch started a new chapter in the space<br />

history of <strong>Cyprus</strong> and Greece with its mission to<br />

provide innovative satellite services and expand<br />

the operations of Hellas Sat in Europe, the Middle<br />

East and Africa – which will bring further geopolitical,<br />

technological and commercial benefits to<br />

both countries.<br />

The new satellite will extend capacity and<br />

geographical reach to meet the growing demand<br />

for applications that include video, internet and<br />

mobile phone services, maritime connectivity,<br />

cellular backhaul, corporate networks and government<br />

services. It is also the most advanced<br />

commercial communications satellite ever built<br />

by Lockheed Martin.<br />

<strong>Cyprus</strong> has been gaining ground in the field of<br />

space-tech services and has so far granted 10 licences<br />

to organisations to launch telecommunication<br />

satellites using space that <strong>Cyprus</strong> has secured<br />

through the International Telecommunications<br />

Union (ITU). The number of licences is substantial,<br />

as many countries in the world have issued<br />

only one license. The country’s economic benefit<br />

from these services is expected to multiply as<br />

more satellites are launched. This type of activity<br />

also boosts the prestige of <strong>Cyprus</strong> as a country<br />

engaged in space technology services, and its<br />

strategic advantages are increasingly promoted in<br />

a bid to attract infrastructure to <strong>Cyprus</strong> from the<br />

European Space Agency.<br />

The growing sector has also inspired new<br />

endeavours on the academic front, such as the<br />

Eratosthenes Centre of Excellence (ECoE),<br />

created by the <strong>Cyprus</strong> University of Technology<br />

in 2018, to conduct research into space technologies.<br />

Its Excelsior project is motivated by the big<br />

European space programmes like Galileo and<br />

Copernicus and their downstream effects on<br />

European economy and science. The project’s<br />

vision is to establish the ECoE as a world-class<br />

Digital Innovation Hub (DIH) for earth observation<br />

and geospatial information in the next few<br />

years and becoming the reference centre in the<br />

Eastern Mediterranean, Middle East and North<br />

Africa (EMMENA).<br />

INVESTING IN DIGITAL<br />

<strong>Cyprus</strong> has already successfully capitalised on<br />

its location at the crossroads of Europe, Asia and<br />

Africa on many economic fronts, and can continue<br />

to strengthen its role as a convenient regional<br />

communications base of strategic importance.<br />

Developing digital policies that attract further<br />

investment are absolutely crucial in opening new<br />

avenues to take advantage of the numerous economic<br />

opportunities provided by the dynamic<br />

digital era.<br />

Global demand for bandwidth is accelerating,<br />

with the rise in cloud computing, data transfer<br />

and storage, as well as the Internet of Things<br />

(IoT). Data centre IP traffic is also growing as<br />

more companies begin utilising data centres<br />

to cut costs and streamline workflows. This in<br />

turn will increase the demand on networks to<br />

ensure seamless and secure transfers between<br />

data centres and business locations. Privacy and<br />

security are the buzz words of the day with these<br />

developments and <strong>Cyprus</strong> will have to ramp up<br />

its efforts to meet these demands. With its infrastructure<br />

the country is well-placed to boost its<br />

competitiveness and realise its vision of a digital<br />

future if it stays on track and keeps up with the<br />

rapid evolution of the global communication and<br />

tech industry.<br />

According to the European Commission,<br />

if the proposed measures to roll out 5G across<br />

Europe are implemented by <strong>2020</strong>-2025, the EU<br />

could gain an estimated €113 billion every year,<br />

creating up to 2.4 million new jobs. This would<br />

also allow <strong>Cyprus</strong> to use all the available 2021-<br />

2027 funding tools to resolve main issues in its<br />

digital transformation – such as ultrafast coverage<br />

and take-up, high pricing and low digital literacy.<br />

The combined use of digital technologies with<br />

other emerging technologies will certainly bring<br />

new and innovative business models, generating<br />

competitiveness, jobs and growth for <strong>Cyprus</strong>. n<br />

Discover more at www.cyprusprofile.com<br />

Digital Boost<br />

from Coronavirus<br />

Pandemic<br />

<strong>Cyprus</strong> has taken a large<br />

number of targeted digital<br />

measures to deal with the<br />

Covid-19 crisis. Initiatives to<br />

minimise contagion and to<br />

support e-health solutions<br />

for patients and healthcare<br />

service providers include<br />

among others a dedicated call<br />

centre (1420), interactive voice<br />

response and text messaging<br />

for any movement of citizens.<br />

<strong>Cyprus</strong> also launched a data<br />

register for tracking confirmed<br />

Covid-19 cases (Covid-19<br />

platform), a location tracker<br />

of citizens/suspected cases<br />

(COVTRACKER) and a platform<br />

illustrating the spread of the<br />

virus (WEBGIS Covid-19).<br />

In the area of education,<br />

various online activities were<br />

developed to facilitate the<br />

provision of the best possible<br />

education to students of all<br />

levels. Supportive educational<br />

materials have been uploaded<br />

to the Ministry of Education and<br />

Culture and individual school<br />

webpages, for all students<br />

of all grades. Digitisation of<br />

the public administration<br />

is also being accelerated,<br />

enabling citizens to use their<br />

e-banking credentials to<br />

engage with e-government<br />

services. Teleworking has<br />

also been promoted for civil<br />

servants through the use of<br />

services supporting remote<br />

access and teleconferencing.<br />

Key Players<br />

Cyta<br />

Cytaglobal<br />

Epic<br />

Cablenet<br />

PrimeTel<br />

Hellas Sat<br />

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

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