GSM licence auction delayed due to bidders concerns

22 Apr 2003

The Cypriot government has announced that there will be further delays in the auction of the country’s first mobile telephone licence to the private sector, after potential bidders voiced concerns over the current monopoly status of state owned GSM licence holder, CyTA. One bidder, Greek cellco Stet Hellas, said that it was reluctant to enter the market while it is still in the process of being deregulated. The auction was initially planned for June but is now more likely to take place in September, a decision that will not be popular with the EU, which has already reprimanded the country’s authorities over past delays in awarding a second licence. Cyprus will join the EU in May 2004 and says it will have fully opened up the mobile telecommunications market by then.

Cyprus