Competition Did Not Weaken Cyprus Telecoms. It Forced Them to Evolve

Cyprus has already seen what happens when a protected network sector opens to competition. Telecoms did not disappear when competitors entered. They became faster, cheaper, more customer-focused and more innovative because the market forced them to evolve.

The electricity market is not identical to telecoms: power systems have physical balancing needs, adequacy constraints and security-of-supply obligations. But the comparison is useful because it challenges the reflex that competition is automatically dangerous for a former monopoly.

The lesson is that competition needs rules, not fear. If Cyprus designs market access properly, new suppliers and service providers can push the system toward better prices, better products and more disciplined investment.

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