TeleGeography Logo

Cyprus gets second GSM licence

3 Nov 2003

The Lebanese-based Scancom group has been awarded a licence to offer GSM mobile services in South Cyprus, after the sole remaining competitor Cosmote of Greece withdrew from the auction; Scancom bid USD25.5 million for the 20-year concession. The country’s incumbent cellco CyTA is required to match the fee Scancom has paid in order to maintain a level playing field. The Lebanese company has 30 days to pay for the licence: it is allowed to either pay in full, or make a 20% deposit with the balance payable over four years.


GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.