Key Market Indicators
Cypriot telecom expenditure is projected to reach approximately €485 million by 2028, marking a modest annual growth rate of 0.1% from its current level of around €481 million in 2023. This data reflects a steady increase in demand, which has grown by an average of 4.2% each year since 2000. In the 2023 rankings, Cyprus holds the 28th position, with Latvia surpassing it at the same expenditure level of €481 million. Leading the rankings are France, the United Kingdom, and Italy, occupying the second, third, and fourth spots respectively.