Cablenet Financial Statements 2021
- 30% growth in Subscriber base
- 110% growth in Mobile Subscribers
- 14% growth in revenues
During 2021 revenue reached €53.5M, a healthy 14% growth over 2020. This double-digit growth in revenue was driven, largely by the significant growth in the overall Subscriber base, which recorded a 30% increase over the previous year.
“Achieving such an industry-leading growth rate, on the back of the challenges brought about by the pandemic, not to mention the highly penetrated and mature market environment simply demonstrates the strengths of our human assets, our strategic clarity and execution efficiency,” said Yiannos Michaelides, CEO at Cablenet.
“2021 was marked by our full entry as a Mobile Network Operator in the Cyprus market. Our innovative product concept, Purple Max, which is predominately targeted towards post-paid Customers offers unlimited Data, Voice, and SMS allowances, at prices affordable to the entire market, fully reflecting our traditional “value” proposition to consumers,” explained Mr Michaelides. “As a result of our mobile entry, we have experienced an increase of around 110% in our mobile Subscriber base to reach over 46,000 Mobile Subscribers and an increase of 157% in our mobile service revenue. Our market share in the post-paid mobile segment has subsequently grown by approximately 3 percentage points, a very notable increase by all market standards in such a short period of time,” he continued.
This strong endorsement by the market encouraged further investment in its Mobile Network, in particular its 4G and 5G frequency spectrum.
On the fixed services side, solid growth continued, recording increased momentum in the second half of 2021 where Cablenet captured 62% of the market net additions. The expansion of the Network into new areas of Cyprus continued to meet demand from both homes and businesses, honoring Cablenet’s commitment to cover approximately 80% of the country’s households. We have now reached in an aggregate coverage of c.193,000 Homes Passed. The above expansion was also accompanied by our continued commitment to deliver faster speeds to our Customers and add to the resilience and overall performance of our Network and as a result, unparalleled Customer Experience.
Cablenet also embarked on the renewal of its TV offering, with the launch of additional Sports and other thematic channels. Sports TV Customers in fact grew by 20% during the period under review.
“We are committed to making a difference in the market and this is marked by the introduction of our new Brand tagline ‘Cablenet For a Better Life’. Our ambition is to translate our commercial, operational and technological innovation into tangible benefits to our Customers, and in doing so, leave a positive impact on the community and the environment. This commitment and our concerted efforts have been recognized by our customers, as we have taken the lead in terms of Customer satisfaction in both Fixed and Mobile Services,” said Mr Michaelides.
“Our long-term strategic objective remains the same – to continue growing our market shares in all services which can be delivered on a national basis. To that end, we will need to remain focused on the tools that are crucial to us achieving that objective, our brand equity, our human talent and our Customers, and an undeniable passion for excellence,” concluded Mr. Michaelides.
Commenting on these results, Cablenet’s Chairman Nikhil Patil, and CEO at GO plc said: “We are truly encouraged by the stellar performance of the company in 2021. These results are testament to the forward-looking strategy which the Company’s executive management team has crafted and executed. We are excited by what the future holds as we continue to leverage on the strengths of both companies, and gain efficiencies across the Group, in order to drive increased value for our respective Customers and shareholders.”
Ετήσια Τελετή Βράβευσης Αρίστων Εφήβων Νεανίδων 2022
ANNOUNCEMENT
- There will be an increase of up to 15% in Fixed Telephony charges towards certain international destinations. The complete list of detailed Fixed Telephony charges to international destinations is available at https://cablenet.com.cy/en/rates/
- The monthly cost of a printed, mailed invoice will increase from €1.50 to €2.00. We kindly remind you that there is no charge for emailed invoices. If a Subscriber wishes to stop the post mailing of paper invoices due to this change, they can do so by 31st January 2023 at no extra charge.
- As of 1st February 2023, the monthly cost of the fiberpower® 100M internet service will increase from €29.90 to €30.90. Please note that in instances where the fiberpower® 100M internet service has been offered to the Subscriber at a discounted price, with or without other services combined, the price will be adjusted accordingly with the respective percentage discount for a maximum increase of up to €1.00.
Sports channels for all Purple TV Subscribers!
- Top international football league matches:
- Super League Greece Championship (Olympiacos Piraeus home games)
- English Football League Championship
- Belgian Championship & Cup
- Dutch Championship
- Argentinian Championship
- Portuguese Cup
- Scottish Cup
- Cypriot team football matches:
- National Women & Men’s U21 Team
- Cablenet Pancyprian U19 Youth Championship & Cup
- Live Cypriot Championship and Cup matches
- Men’s & Women’s Volleyball
- Men’s Handball
- Athletics and other sports, including:
- Pancyprian Track & Field Championship
- Pancyprian Swimming Championship
- Pancyprian Artistic & Rhythmic Gymnastics Championship
- Pancyprian Sailing Championship
- Pancyprian Martial Arts Championship (Karate, Judo & Taekwondo)
- Pancyprian Motorsports Championships (Time Attack, Rally, Karting)
- University Sports
- Sports Documentaries and Films
- Block Out Volleyball Sports Show
Gimme Love: a million ways to show your love with Cablenet’s Purple Loop prepaid service!
Changes in our Payment Methods
We would like to inform you that as of 11th January 2023, the payment method for automated monthly payments via credit card will be discontinued. Subscribers who have opted for this payment method will alternatively be able to transition to a Direct Debit (SEPA) mandate instead.
With the Direct Debit (SEPA) mandate, monthly bill payments will be made contactlessly, practically and automatically throughout the time frame that this payment method is selected. A renewal of the order will not be necessary every time the credit card expires, as is currently required.
We kindly request that all affected subscribers transition to an alternative payment method as soon as possible, in order to avoid any potential inconvenience.
For further information please contact our Customer Support Call Centre on 130.
Η Cablenet επίσημος χορηγός ΓΣΠ
Η Cablenet αποδεικνύοντας για ακόμα μία φορά ότι στηρίζει τον Κυπριακό αθλητισμό, ανακοινώνει την έναρξη χορηγικής συνεργασίας με τον Γυμναστικό Σύλλογο ‘Τα Παγκύπρια’. Η Cablenet θα είναι εφεξής ο επίσημος χορηγός ΓΣΠ, για τα επόμενα 3 χρόνια.
Σε αυτό το πλαίσιο και σε συνεργασία με τον Γυμναστικό Σύλλογο ‘Τα Παγκύπρια’, πραγματοποιήθηκε Διάσκεψη Τύπου την Πέμπτη 29 Σεπτεμβρίου στο Συνεδριακό Κέντρο του σταδίου, όπου παρουσιάστηκε η χορηγική συνεργασία και η νέα όψη του σταδίου «ντυμένο» στα χρώματα της Cablenet.
Εκ μέρους του Γυμναστικού Συλλόγου ‘Τα Παγκύπρια’ μίλησε ο Γενικός Γραμματέας κ. Γιώργος Μιτσίδης, ο οποίος μεταξύ άλλων τόνισε ότι «Η Cablenet είναι μία ανερχόμενη εταιρεία με επαγγελματικό τρόπο λειτουργίας που συνάδει και με τη φιλοσοφία του ΓΣΠ. Αλλά και στενά συνδεδεμένη με τον αθλητισμό αφού κάποιοι από τους τομείς των δραστηριοτήτων της, μέσω των καναλιών της προβάλλουν Τηλεοπτικά το ποδόσφαιρο όπως και άλλα αθλήματα, καθώς και τον κλασσικό αθλητισμό που μας ενδιαφέρει ιδιαίτερα.»
Πέραν λοιπόν, του οικονομικού μέρους, η συμφωνία λόγω της φύσης της δραστηριότητας του χορηγού αναμένουμε να βοηθήσει και στην προβολή του ΓΣΠ ως συλλόγου και ως αθλητικού κέντρου, καθώς και των αθλητών του.»
Από πλευράς Cablenet μίλησε για τη συνεργασία ο Υπεύθυνος Αθλητικού Τμήματος Ανδρέας Παρασκευά ο οποίος μεταξύ άλλων τόνισε ότι «120 χρόνια μετά την κατασκευή του παλιού ΓΣΠ και 23 χρόνια μετά την κατασκευή του ΝΕΟΥ, η Cablenet και το Στάδιο ΓΣΠ χαράσσουν πλέον κοινή πορεία. Το μωβ χρώμα, σήμα κατατεθέν της εταιρείας μας θα κοσμεί πλέον τους χώρους του σταδίου.
Η Cablenet πλέον θα είναι ο Επίσημος Χορηγός ΓΣΠ και είμαστε ιδιαίτερα περήφανοι που ανακοινώνουμε ότι η συμφωνία αυτή θα έχει διάρκεια 3 χρόνια και η οποία παίρνει σάρκα και οστά μετά από κοινή προσπάθεια με οφέλη και για τις 2 πλευρές.»
Τώρα με το νέο αθλητικό πακέτο Purple Max Sports απολαμβάνουμε το κυπριακό ποδόσφαιρο, ξένα πρωταθλήματα, όλο τον κυπριακό αθλητισμό, το καλύτερο τηλεοπτικό περιεχόμενο στα 65+ κανάλια της Purple TV, απεριόριστες επιλογές σε ταινίες και αθλητικά γεγονότα με τα κανάλια Novacinema και Novasports, αλλά και την ευκολία να απολαμβάνουμε τα αγαπημένα μας προγράμματα, όπου και αν είμαστε, με την εφαρμογή Cablenet TV GO. Ενώ μαζί απολαμβάνουμε και το Purple Max Internet το οποίο περιλαμβάνει την υπηρεσία Plume HomePass με 2 Pods, δίνοντάς μας τη δυνατότητα της maximum ταχύτητας σύνδεσης για πάντα (έως και 1Gbps), με άψογο σήμα Wi-Fi παντού και με ασφάλεια! Και όλα αυτά, μόνο με 58€/μήνα!
Όλη η αθλητική δράση είναι στην Cablenet!
Για περισσότερες πληροφορίες σχετικά με το αθλητικό πακέτο Purple Max Sports, μπορείτε να επισκεφθείτε το www.cablenet.com.cy
Cablenet For a Better Life
Announcement regarding the TV services
Cablenet, based on the contracts with its Subscribers, would like to inform them that from July 1, 2022, the prices of the following TV Services will be changed as follows:
Service | Current Price | New Price |
Purple TV+ Star 2 | €9/month | €10/month |
Football CY+ | €24,90/month | €25/month |
Football EU+ | €12,90/month | €14/month |