PrimeTel

Primetel PLC is a Cypriot telecommunications company that offers and develops voice, data, and video services. It's ranked third in fixed-line telephony after Cyta and Cablenet, with a market share of 10.7%. [1] The company owns and operates a regional network in Cyprus, Germany, Greece, Russia, and the United Kingdom, providing data communications, fiber-optic fixed network infrastructure, and IP-based services between Europe and the Middle East.

For the toll-free service provider in the United States, see PrimeTel Communications.
Primetel
TypePrivate
IndustryTelecommunication
Founded2003
HeadquartersLimassol
Area served
Cyprus
ProductsTelephone
IPTV
Broadband
Mobile
ParentPrimetel PLC
Websiteprimetel.com.cy
Former logo (2003-2020)

History

In June 2009, Primetel announced the launch of its submarine fiber cable landing station in Geroskipou and that Reliance Globalcom had terminated its 2.7 terabit HAWK submarine cable system into it.[2]

In May 2011, Primetel launched the first mobile virtual network operator in Cyprus, making it the third cellphone operator on the island.[3] Primetel has recently launched Mobile telephony services with Quad–Play services (Fixed and mobile telephony, Internet and TV).

In April 2015, Primetel launched the third mobile network operator in Cyprus.[3] Based on the latest data released in December 2018, Primetel holds 10.50% Market Share in Mobile Subscriptions in Cyprus.

In July 2023, Primetel was placed into administration after defaulting on a loan it has acquired from Signal Capital Partners.[4]

References
  1. "Future of PrimeTel uncertain". ekathimerini.com. 22 July 2023.
  2. "Reliance Globalcom activates Mobily on its Hawk submarine cable system". The Economic Times.
  3. Lipscombe, Paul (2023-07-25). "Signal Capital Partners to acquire struggling Cypriot telco Primetel". datacenterdynamics.com. Retrieved 2023-09-27.
  4. "Primetel goes into administration". Financial Mirror. 21 July 2023.
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