{"id":184467,"date":"2025-03-14T16:09:33","date_gmt":"2025-03-14T14:09:33","guid":{"rendered":"https:\/\/cablenet.com.cy\/?p=184467"},"modified":"2025-03-14T16:15:24","modified_gmt":"2025-03-14T14:15:24","slug":"mobile-subscribers-climb-10-driving-strong-overall-growth","status":"publish","type":"post","link":"https:\/\/cablenet.com.cy\/en\/mobile-subscribers-climb-10-driving-strong-overall-growth\/","title":{"rendered":"Mobile Subscribers Climb 10%, Driving Strong Overall Growth"},"content":{"rendered":"\t\t
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Cyprus\u2019 Fastest Growing Mobile Network Hits Double-Digit Revenue Increase For 1 More Year.<\/b><\/p>

Fiscal Year 2024 Results<\/p>

  • +4% increase <\/b>in Services Revenue<\/li>
  • +19% increase<\/b> in Mobile Customer Revenue<\/li>
  • +8% increase<\/b> in EBITDA<\/li>
  • +109% increase<\/b> in Operating Profit<\/li>
  • +10% increase<\/b> in mobile subscriber base<\/li><\/ul>

    Customers continue placing their trust in the value delivered by Cablenet for a Better Life<\/strong><\/p>

    In a highly competitive domestic telecommunication services market, Cablenet delivered another year of strong results. Our product offering continues to be well received by the market and we are very happy with the endorsement our value-driven commitment receives on an ongoing basis from customers from across the country. We are committed to continue rewarding this endorsement in the future, through the continued development of our network capabilities, be it our Gigafast broadband internet network, 5G mobile and advanced home wifi capabilities or partnering with world class equipment and software vendors, among other things.<\/p>

    Cablenet Achieves Strong EBITDA Growth in 2024, Reinforcing Financial Momentum<\/strong><\/p>

    In 2024, Cablenet delivered robust EBITDA growth,<\/strong> reflecting the continued success of its strategic investments, revenue expansion<\/strong> and cost optimization across core business segments. EBITDA saw a significant increase of 8%<\/strong>, marking a key inflection point in the company\u2019s financial trajectory.<\/p>

    The sustained growth in telecommunications services revenue<\/strong>, coupled with disciplined cost management, has driven higher gross profit and operating profit<\/strong>, while also reducing net losses<\/strong>. These improvements underscore Cablenet\u2019s ability to translate operational efficiencies into stronger financial performance.<\/strong> A financially sound and stable position is important for telecom companies<\/p>

    like us to support their sizable investments and maintain the trust of our customers in delivering the quality of service they expect.<\/p>

    Cablenet Achieves Strong Growth in Mobile Subscribers and Revenue in 2024.<\/strong><\/p>

    Cablenet\u2019s<\/strong> continued focus on mobile business growth resulted in a 10% increase in its mobile subscriber base<\/strong>\u2014across both postpaid and prepaid users\u2014by the end of 2024. Additionally, mobile service revenue surged by 19%, underscoring the strong market demand for Cablenet\u2019s offerings. This success reaffirms Cablenet\u2019s commitment to expanding and enhancing its mobile services. In 2024, the company made strategic investments in network coverage and capacity, further strengthening service quality. A key priority now is the migration of mobile customers to Cablenet\u2019s dedicated 5G frequency spectrum, a transition expected to be fully completed later this year, ensuring enhanced performance and connectivity for subscribers.<\/p>

    Chief Executive Officer, Mr. Ioannis Mavridis commented, \u201cWith my taking on the Chief Executive role in 2024, Cablenet\u2019s long-term strategic objective remains the same – to continue on a growth trajectory path, establishing sizeable market shares in all services which can be delivered on a national basis. Our brand\u2019s slogan of \u201cCablenet for a better life\u201d is a promise of commercial and technological innovation into practical and simple means that improve the lives of our customers. Doing things better, greener and thinking and acting in a socially mindful context, are directions we plan to explore to increase our value-added contribution to the Cypriot consumers and businesses, beyond 2024, with Cablenet remaining in the leading positions in Customer Satisfaction and NPS (Net Promoter Scores) in both Fixed and Mobile Services\u201d.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

    Cyprus\u2019 Fastest Growing Mobile Network Hits Double-Digit Revenue Increase For 1 More Year. Fiscal Year 2024 Results +4% increase in Services Revenue +19% increase in Mobile Customer Revenue +8% increase in EBITDA +109% increase in Operating Profit +10% increase in mobile subscriber base Customers continue placing their trust in the value delivered by Cablenet for […]<\/p>\n","protected":false},"author":7,"featured_media":173563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[985],"tags":[],"class_list":["post-184467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release-en"],"acf":[],"yoast_head":"\nMobile Subscribers Climb 10%, Driving Strong Overall Growth - Cablenet<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablenet.com.cy\/en\/mobile-subscribers-climb-10-driving-strong-overall-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mobile Subscribers Climb 10%, Driving Strong Overall Growth\" \/>\n<meta property=\"og:description\" content=\"Cyprus\u2019 Fastest Growing Mobile Network Hits Double-Digit Revenue Increase For 1 More Year. 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