MTN Cyprus

MTN is one of the largest telecommunications providers in Cyprus. It offers integrated telecommunications solutions for mobile, fixed telephony, broadband and TV, providing pioneering solutions for private and business clients.

MTN currently owns the most technologically advanced network in Cyprus. With MTN’s private fiber network, the widest 4G network in Cyprus and with a wide 4.5G coverage in all cities, MTN subscribers enjoy high quality and reliability in communication.

The company’s experienced staff comprises approximately 300 professionals with enviable background and knowledge in the telecommunication industry. MTN is also the owner of a private retail chain with 18 MTN Stores all over Cyprus.

Aside from its corporate operations, MTN takes the lead in the economic and social life in Cyprus. As a responsible corporate citizen, MTN contributes to the society through sports, education, youth entrepreneurship, culture programmes and corporate volunteerism.

MTN Cyprus is owned by Monaco Telecom. Monaco Telecom is the incumbent operator of the Principality of Monaco and member of the NJJ Holding, a group of telecommunication companies operating in Europe that consists of leading operators in the markets of France, Italy, Switzerland, Ireland, Monaco and Cyprus.


MTN launched its commercial operations in Cyprus in July 2004, after having successfully won the auction for the second mobile license. Its license covers the use of both GSM and UMTS radio frequencies for the provision of integrated mobile services. MTN became the new brand name of the company in September 2007, following the acquisition of its mother company Investcom LLC by MTN Group.

In October 2008 Amaracos Holding (a company owned by Shacolas Group and Panos Germanos) acquired 49% of MTN Cyprus’ share capital. Through this acquisition MTN Cyprus obtained 100% of Infotel Ltd (Germanos retail chain), and 100% of Otenet Telecommunications, a fixed telephony and internet service provider in Cyprus. Amaracos Holding’s share capital was later increased to 50%, a percentage owned by Amaracos Holding until 2013.

In 2009 MTN Cyprus signed a €20 million contract with Huawei Technologies Co. Ltd for upgrading the MTN network. Through this network upgrade, which was completed in 2010, MTN strengthens its position in the Cyprus market and offers higher network speeds, larger network capacity, better quality of voice calls, and broader geographic and population coverage.

In February 2013 MTN Group announced the agreement with Amaracos Holding for acquiring Amaracos Holding’s 50% share capital. This resulted in the MTN Group owning the 100% of MTN Cyprus’ share capital.

In March 2015 MTN Cyprus introduced MTN 4G, offering its subscribers the highst speed in Cyprus.

In May 2017 MTN launched its subscriber TV service, MTN TV.

In September 2018 Monaco Telecom acquires the entire issued share capital of MTN Cyprus. Monaco Telecom is the incumbent operator of the Principality of Monaco and a member of NJJ Holding.