Cypriot-Lebanese consortium Scancom has been awarded the license to operate the first private GSM network in Cyprus. The group submitted a bid of $25.5 million for the tender, reported AP.
Adhering to EU accession regulations, the government of Cyprus announced plans to liberate the telecom sector last year. The island nation is expected to join the European bloc in May.
The Cypriot telecoms market is currently in a state of partial liberalization. While all voice telephony and mobile communication are monopolized by the state organization Cyprus Telecommunications Authority (CYTA), certain services like data transmission, value added services, Internet services provision, and equipment provision are liberalized. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
