en.Wedoany.com Reported - GO plc's technical expertise and operational experience are driving the transformation of Cypriot operator Cablenet. As a subsidiary of GO plc, Cablenet is evolving from an "alternative" operator into a significant force in Cyprus's digital landscape, backed by a comprehensive digital services group with annual revenues of €254.4 million, spanning telecommunications, data centers, consumer electronics, renewable energy, medical technology, data analytics, the Internet of Things, and cybersecurity.

Founded in 1975, GO plc now operates a quadruple-play network in Malta covering over 500,000 residential and business customers. In 2025, GO plc's revenue grew by 3.9% year-on-year to €254.4 million, with profit increasing by 31.7% to €20.7 million. The group recently completed a €100 million nationwide fiber-to-the-home deployment, offering speeds of up to 10 Gbps, and owns three submarine cables connecting Malta to Sicily, France, Egypt, and Asia. Since 2014, GO has invested approximately €70 million in the Cypriot market, with plans to inject an additional €75 million over the next five years for 10 Gbps fiber upgrades, 5G expansion, home WiFi enhancements, and customer service improvements. Cablenet CEO Ioannis Mavridis stated that GO views Cablenet as a strategic asset, and the group will continue to fund network expansion and digital innovation in Cyprus.

Leveraging the group's resources and synergies, Cablenet grew its revenue to €69.7 million in 2025. Following the launch of 5G and unlimited data plans, its mobile subscriber base increased by 9% to approximately 171,000, while home fiber coverage expanded to over 235,000 households. Cablenet also became the first operator in Cyprus to bundle HBO's premium digital content directly into its services. The company employs over 400 staff, can tap into the group's nearly 1,700 digital professionals, and participates in GO's learning and development programs and technology labs.

Group CEO and Cablenet Chairman Nikhil Patil stated that GO and Cablenet are two parts of a growing organization, jointly committed to building Cyprus's digital future. He emphasized that with sustained investment and employee dedication, Cablenet is poised to become one of the most trusted digital brands in Cyprus.

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