By offering a great network at great value, in 2019 the company has proceeded with the implementation of a large investment for a new, super-fast network with 10 times more capacity compared to the past.
Epic belongs to Monaco Telecom, the Principality of Monaco provider and is a member of a dynamic European telecoms family which comprises of telecom providers operating in France, Italy, Switzerland, Ireland, Monaco and Malta.
Important Milestones
2004
The company commenced its operations in the Cypriot market in July 2004 as Areeba, after acquiring the second mobile telephony license by the Cyprus Government.
2007
In September 2007 the company was rebranded as MTN after the parent company (Investcom LLC) was purchased by the international group of companies MTN Group.
2008
In October 2008, the partnership between the MTN Group and Amaracos Holdings (owned by the Shacolas Group of Companies and Panos Germanos) comes into effect. With this partnership Amaracos acquires 49% of MTN Cyprus' stock. With this move, MTN Cyprus acquires 100% of Infotel Ltd (Germanos chain of stores) as well as Otenet (Cyprus) Ltd, a fixed telephony and internet provider. The Amaracos Holdings share was later increased to 50%, which it held until 2013.
2009
In 2009, MTN Cyprus signed a €20 million contract with Huawei Technologies Co Ltd for the upgrade of its network. Through this upgrade, which was completed in 2010, MTN strengthened its position in the market providing faster speeds and a larger network capacity, improved voice call quality as well as a wider geographical and population coverage.
2013
In February 2013, the MTN Group announced an agreement with Amaracos Holdings for acquiring the remaining 50% of the share capital of MTN Cyprus. As a result of this, the MTN Group was now in posession of 100% of MTN Cyprus.
2015
In March 2015, MTN was the first to introduce the 4G network in Cyprus, offering its subscribers the fastest speeds of the market.
2017
In May 2017, MTN introduced its subscriber TV service, MTN TV.
2018
In September 2018, Monaco Telecom acquired the entire share capital of MTN Cyprus. Monaco Telecom is the incumbent operator of the principality of Monaco and a member of NJJ Holding.
In November 2018, MTN began offering a wider 4.5G coverage to its subscribers.
2019
In May 2019, MTN announced that all its subscribers are able to communicate with crystal clear sound through HD Voice technology.
In June 2019, MTN rebranded to epic, launching a new and exciting era in the Cypriot field of telecommunications and offering a state-of-the-art network in combination with real value - "Great network. Great value".
2020
In June 2020 epic was awarded the “Best Mobile Network in Test” certification by the globally recognized network measurements and testing company, umlaut and according to the overall score, epic ranked as the #1 mobile network in Cyprus.
In July 2020, epic was awarded with another important distinction, this time as the “Fastest Mobile Network”, by the internationally-renowned organization for internet performance testing and analysis Ookla. This was the first time a mobile network in Cyprus was awarded simultaneously by two reputable organizations.
