MTN announced at a Press Conference that as of today it has the widest 4.5G network in Cyprus. In essence kick-starting a new era after its acquisition by Monaco Telecom, MTN is accelerating its business plan by vigorously investing in its infrastructure and services.
MTN’s 4.5G network is part of the largest investment ever made by the company in Cyprus, thus offering its subscribers a complete and reliable service of communication.
The Press Conference took place on Monday 19th of November, at the A.G. Leventis Gallery, in Nicosia. Members of the press attending were informed about the new network developments by Mr. Thanos Chronopoulos, MTN’s new CEO and Mr. Yiannis Michailides, CTIO of MTN.
During the Press Conference, MTN’s new CEO stated:
“As you already know, in September MTN Cyprus was acquired by Monaco Telecom, a company at the forefront of technological developments. Monaco Telecom is a customer-oriented organization, supported by NJJ Holding, an ambitious family of leading telecom providers in France, Italy, Switzerland, and Ireland. This development puts MTN on the front line towards transforming to a new, dynamic, and future-oriented company.
By already using innovative technology, Monaco Telecom is committed to investing in MTN’s long-term technological and strategic hegemony. It has proven that it already possesses the resources, expertise and the know-how needed in order to achieve technological leaps and pave the way for the digital future of the island. This is a much-needed development for Cyprus, especially in this crucial and challenging period which is full of opportunities and challenges.
We plan to invest in the existing network, both fixed and mobile. We shall strengthen our infrastructure, aiming at gaining an even more advanced, high-quality private network which will respond not only to the current, but mainly to the future needs of our subscribers and Cyprus.
A new radical culture is already evident in the organization. Innovation, independence and efficiency are core values that are starting to materialize daily at the company. During the last two months, my colleagues and I are working hard to bring forward some of our future plans, which we will talk about soon.
Today, we are announcing one of them: Once again, we are upgrading our infrastructure and offer high-level services to our subscribers. We are introducing the network with the widest 4.5G coverage in Cyprus. We are currently covering 68% of the population while in the next three months our coverage will become wider. We aim at offering the best mobile network in Cyprus. With this investment we are also making a bold statement: We consider ourselves as the catalysts of change and development. Consumers and the market in general, but also the economy and society can benefit from this development as well as the next ones that will follow.”
Meanwhile, MTN is running a full-scale national advertising campaign, titled “the widest 4.5G network in Cyprus”, with a strong TV and radio presence as well as online and billboard advertising.
About Monaco Telecom
Monaco Telecom is the incumbent operator of the Principality of Monaco, delivering fixed, internet, TV, mobile services, as well as international data connectivity, housing and cloud services. Monaco Telecom has developed a strong technological approach to telecommunications: in April 2017, Monaco Telecom was the first operator to launch a commercial 1Gbs 4G mobile network; and in fixed broadband, it provides 1Gbs access to all households.
About MTN Cyprus
MTN Cyprus launched its commercial operations in Cyprus in July 2004 – after having won the auction for the second mobile license – and quickly became one of the leading operators in Cyprus. Over the past 5 years, the Company grew its mobile market share by 7 percentage points and it posted Revenues of EUR 123 million in 2017.
