Nicosia, Cyprus. GO plc said its experience, scale and long-term investment strategy are strengthening Cablenet’s position in Cyprus as the operator expands fibre, 5G and digital services. The company said Cablenet is evolving from an alternative operator into a significant player in the Cypriot digital market.
Transformation and group backing
The relationship between Cablenet and GO began in 2014, with the past year described as a period of focused transformation. According to the company, this process has aimed to begin reshaping Cablenet’s culture while also reinforcing its market position.
GO said Cablenet is drawing on the Maltese group’s expertise and scale while remaining responsive to the Cypriot market. It described this combination as a basis for building a stronger and more competitive future.
GO’s business scale and financial performance
GO began operations in 1975 and is now a quad-play operator providing mobile, broadband, fixed-line and television services. The company said it serves more than half a million residential and business customers across the Maltese Islands.
For 2025, GO reported revenues of €254.4 million, up 3.9 per cent year-on-year, while profit rose 31.7 per cent to €20.7 million.
Expansion beyond traditional telecoms
GO said it has expanded beyond traditional telecoms into a wider range of digital services. Its portfolio includes data centres, consumer electronics, green and renewable energy, healthcare technology, data analytics, the Internet of Things and cybersecurity.
The company said this diversification is part of a long-term strategic shift aimed at positioning the group as a broader digital services provider. It said this gives Cablenet access not only to telecoms expertise but also to wider technological resources and capabilities.
Infrastructure and connectivity
GO said it recently completed a €100 million nationwide fibre-to-the-home rollout in Malta, offering speeds of up to 10 Gbps. The group also operates three submarine cables linking Malta to Sicily, France, Egypt and Asia.
According to the company, this infrastructure supports resilient, high-capacity international connectivity and strengthens the technological base available to Cablenet as it expands gigabit services in Cyprus.
Investment in Cyprus
GO said its commitment to Cyprus extends for more than a decade. During the 2014 banking crisis, it said it was among the top foreign investors in the country.
Since then, the group said it has invested about €70 million in the Cypriot market and has committed a further €75 million over the next five years. The planned investment is allocated to 10-Gbps fibre upgrades, 5G expansion, enhanced in-home WiFi and customer-service improvements.
GO said its financial position gives Cablenet a level of stability, adding that it has paid more than €162 million in dividends to shareholders since 2019 while continuing to invest in technology.
Group CEO and Cablenet Chairperson Nikhil Patil said: “Doing the right thing for customers and doing the right thing for shareholders are not competing priorities. They are the same priority.”
Cablenet’s position and 2025 results
Cablenet CEO Ioannis Mavridis said GO regards Cablenet as a strategic asset and that the group will continue to fund network expansion and digital innovation in Cyprus.
The company said the benefits of belonging to the group include shared expertise in fibre, LTE and 5G, cloud services and cybersecurity, as well as group purchasing power, engineering resources and financial support for large-scale investment.
In 2025, Cablenet reported revenues of €69.7 million. The company said its mobile subscriber base rose 9 per cent to about 171,000 customers following the launch of 5G and unlimited plans, while household fibre coverage expanded to more than 235,000 premises.
Cablenet also said it became the first operator in Cyprus to bundle premium digital content, specifically HBO, directly into its offering.
