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PrimeTel

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Primetel
Company typePrivate
IndustryTelecommunication
Founded2003
HeadquartersLimassol
Area served
Cyprus
ProductsTelephone
IPTV
Broadband
Mobile
ParentPrimetel PLC
Websiteprimetel.com.cy
Former logo (2003-2020)

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.

History

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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).[citation needed]

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

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

References

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  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. ^ a b 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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