Mavridis takes over as Cablenet, ’s new CEO
Ioannis Mavridis is being promoted to CEO of Cablenet, replacing Yiannos Michaelides who is stepping down after four years.
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A deal between state-owned companies for the supply of electricity smart meters has been ruled unlawful by a special court, putting €35 million in European taxpayers’ funds at risk.
Another record year for Cablenet
– Cablenet achieved a 16.2% revenue increase in 2023, reaching €74.3 million.
– The company’s total subscriber base grew by 29% compared to the previous year.
– Cablenet’s mobile subscription base increased by 52%, surpassing 142,000 contract and prepaid subscribers.
– Revenue from mobile telephony service increased by 54%.
– Cablenet completed the migration of subscribers to its proprietary 4G frequency spectrum in 2023.
– The company offers coverage to approximately 228,000 households nationwide, up from about 205,000 at the end of 2022.
– Approximately 85,000 households and 5,100 businesses use Cablenet for broadband and other fixed services.
– Cablenet’s Purple Max Internet won a global award at the 11th Annual Global Telecoms.com awards (Glotel Awards) in the ‘Most Innovative Operator Cloud Offering’ category.
– Cablenet ranked first in overall customer satisfaction and net promoter score (NPS) in the Cypriot telecommunications market in 2023.