PrimeTel

Primetel PLC is a telecommunications provider based in Cyprus, delivering services in voice, data, and video communications. It holds the position of the third-largest fixed-line telephony operator on the island, following Cyta and Cablenet, with a market share of 10.7%. The company manages a regional network spanning Cyprus, Germany, Greece, Russia, and the United Kingdom, offering fiber-optic fixed infrastructure alongside IP-enabled services that connect Europe with the Middle East.

History

Primetel established its submarine fiber optic cable landing station in Geroskipou in June 2009, integrating Reliance Globalcom’s HAWK submarine cable system with a capacity of 2.7 terabits.

In May 2011, Primetel became Cyprus's pioneer mobile virtual network operator (MVNO), marking its entry as the third mobile service provider on the island. Subsequently, it broadened its portfolio to include Quad-Play offerings that combine fixed and mobile telephony, Internet access, and television services.

By April 2015, Primetel had launched Cyprus’s third full-scale mobile network. As of December 2018, it commanded around 10.5% of the market share in mobile subscriptions.

In July 2023, after defaulting on a loan owed to Signal Capital Partners, Primetel entered administration—a development that affected both its financial standing and future strategic direction.