Draft:Cablenet (Cyprus)

The company began its operations as NV Cable Communication Systems{{Cite web|title=Search Results|url=https://efiling.drcor.mcit.gov.cy/DrcorPublic/SearchResults.aspx?name=NV%20Cable%20Communication%20Systems&number=%25&searchtype=optStartMatch&index=1&tname=%25&sc=0|access-date=2021-06-20|website=efiling.drcor.mcit.gov.cy}}{{Cite web|date=2004-11-26|title=Cablenet|url=https://web.archive.org/web/20041126192820/http://www.cablenet.com.cy/|url-status=live|access-date=2021-06-20|website=web.archive.org}} in 2004{{Cite web |last=fm |date=2005-07-19 |title=Cablenet Cyprus to offer Internet link |url=https://www.financialmirror.com/2005/07/19/cablenet-cyprus-to-offer-internet-link/ |access-date=2021-06-20 |website=Financial Mirror |language=en-GB}} under the Cablenet brand with the aim of providing cable TV service in Cyprus.{{Cite web|date=2019-12-31|title=Cablenet Communication Systems Ltd Report and Financial statements|url=https://web.archive.org/web/20200926141737/https://cablenet.com.cy/wp-content/uploads/Cablenet-FS-2019-1.pdf|url-status=live|access-date=2021-06-20|website=web.archive.org}} In August 2006 the company was renamed Cablenet Communications Systems Ltd. coinciding with its takeover by the C.N. Shiacolas Group of Companies (CNS).{{Cite web|date=2006|title=Eτήσια Έκθεση 2006|url=https://www.eac.com.cy/EL/EAC/FinancialInformation/Documents/AnnualReportGR_2006.pdf#page=70|url-status=live|archive-url=https://web.archive.org/web/20210620134548/https://www.eac.com.cy/EL/EAC/FinancialInformation/Documents/AnnualReportGR_2006.pdf|archive-date=2021-06-20|access-date=2021-06-20|website=Electricity Authority of Cyprus|language=el}}{{Cite web |title=51. Νικόλας Σιακόλας, CEO Cablenet |url=https://economytoday.sigmalive.com/proteinoyme/3352_51-nikolas-siakolas-ceo-cablenet |access-date=2022-11-22 |website=Economy Today |language=el}}

Following its purchase by the latter, Cablenet introduced internet

On 28 March 2014, Go p.l.c. purchased 25% of Cablenet's issued share capital.{{Cite web |date=2014-03-28 |title=GO acquires shareholding in Cypriot company, Cablenet |url=https://gozo.news/49195/go-acquires-shareholding-in-cypriot-company-cablenet/ |access-date=2022-09-05 |website=Gozo News |language=en}} In January 2016, Go became the company's controlling shareholder, and currently maintains 70.2% of the company's total issued shares.{{Cite web |title=Malta’s telecom GO acquires majority stake in Cablenet {{!}} Cyprus Mail |url=https://cyprus-mail.com/2016/01/20/maltas-telecom-go-acquires-majority-stake-in-cablenet/ |access-date=2022-09-05 |website=cyprus-mail.com |language=en-GB}}{{Cite web |title=Investor Centre - Company Structure |url=https://cablenet.com.cy/en/investor-centre-company-structure/ |access-date=2022-09-05 |website=Cablenet Communication Systems PLC |language=en-US}}

In 2015 Cablenet began offering mobile telephony services, through the launch of its virtual mobile network (MVNO) on the CytaVoda network.{{Cite web |date=June 2020 |title=Investor Presentation |url=https://cablenet.com.cy/wp-content/uploads/CN-Bond_Investor-Presentation-1.pdf |url-status=live |access-date=2022-09-05 |website=Cablenet}}

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.{{Cite web |last= |first= |date=16 May 2019 |title=Cablenet: Πήρε την άδεια για νέο δίκτυο κινητής τηλεφωνίας |url=https://www.kathimerini.com.cy/gr/oikonomiki/epixeiriseis/cablenet-pire-tin-adeia-gia-neo-diktyo-kinitis-tilefonias |access-date=2022-09-05 |website=Kathimerini.com.cy}} 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.{{Cite web |date=26 May 2022 |title=Cablenet Communication Systems plc – Financial Analysis Summary (the “Update FAS”) |url=https://cablenet.com.cy/wp-content/uploads/Cablenet_-FAS-2022_final.pdf |url-status=live |access-date=2022-09-05 |website=Cablenet}}

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.{{Cite web |date=2020-12-17 |title=Bidding process for 5G completed, first licences in January 2021 |url=https://www.stockwatch.com.cy/en/article/epiheiriseis-tilepikoinonies/bidding-process-5g-completed-first-licences-january-2021 |url-status=live |archive-url=https://archive.ph/wip/Syu4b |archive-date=2022-09-05 |access-date=2022-09-05 |website=Stockwatch |language=en}}

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.{{Cite web |last=Savva |first=Anna |date=2022-03-12 |title=Number of mobile users up by almost 25,000 last year |url=https://cyprus-mail.com/2022/03/12/number-of-mobile-users-up-by-almost-25000-last-year |url-status=live |archive-url=https://archive.ph/NKDpB |archive-date=2022-09-05 |access-date=2022-09-05 |website=Cyprus Mail |language=en-GB}}

:Category:Cyprus

:Category:Telecommunications companies of Cyprus

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