Nicosia, Cyprus. State-owned telecommunications provider Cyta presented its 2026 budget to the House finance and budget committee on Monday, focusing on digital infrastructure investment, stable profitability and network resilience. The budget also outlines continued expansion of next-generation technologies.
Budget focus and objectives
Cyta said the 2026 budget places strong emphasis on major investments in digital infrastructure, profitability and resilience, positioning the organisation as a central pillar of Cyprus’ digital economy.
Cyta chair Maria Tsiakka described it as “a budget of responsibility and continuity” that is “built on tangible financial results and a specific investment plan that delivers direct benefits to citizens, businesses and the Cypriot economy.”
Tsiakka said the primary objective is ensuring uninterrupted operation and continuous upgrading of critical digital infrastructure across the Republic of Cyprus.
2025 revenue and profit expectations
Tsiakka said 2025 was a year of intense activity for the organisation, during which total revenues rose from €415 million in 2024 to €442 million.
She added that pre-tax profit is expected to reach €85 million for 2025.
Contributions to public finances
Tsiakka said that over the past 25 years Cyta has contributed more than €1.29 billion to the public purse, including €925 million in dividends and €373 million in taxation.
5G, fibre rollout and EU coverage indicator
Cyta highlighted investments in next-generation networks, including full nationwide 5G coverage and the rollout of a pan-Cypriot fibre network, placing Cyprus first in the European Union under the Digital Decade coverage indicator.
Tsiakka said fibre coverage was completed in urban and main rural areas in 2025, while works in remote regions are expected to be completed in the first half of 2026, aiming to ensure equal access to modern digital services.
International connectivity projects
On international connectivity, Tsiakka said the BlueMed subsea cable branching was successfully completed in 2025, while new expansion projects in the southeastern Mediterranean are currently under way.
What impact do you think expanded fibre and 5G coverage will have on your daily digital services?
