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
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]
