Monaco Telecom, the incumbent operator of the Principality of Monaco and sole shareholder of Epic, was awarded at the 13th Invest Cyprus International Investment Awards, in recognition of its significant contribution to the Cypriot economy through sustained investment in the telecommunications sector.

This award acknowledges Monaco Telecom’s strategic investment through the acquisition of Epic in 2018 and the critical role it since has played on the advancement of telecommunications in Cyprus. At the same time, Monaco Telecom’s investment has strengthened the country’s competitiveness and reinforced its role as an international business hub.

Accepting the award, Martin Péronnet, CEO of Monaco Telecom, stated: “This prestigious award stands as a testament to our commitment and the incredible work done by Epic’s management and team. We are grateful that our efforts have been recognised with the Cyprus International Investment Award. I would like to thank our customers, our partners and all the stakeholders here in the country for the tremendous support we continue to receive. We feel at home here.”

Referring to Epic, CEO Péronnet added: “Today, Epic is one of the key pillars of Cyprus’s digital transformation. Through continuous investment in next-generation networks, technological excellence, and a strong focus on customer service, the company has established itself as a leading telecommunications provider in the country, known for its quality and reliability. We are impressed by the high calibre of the local teams and the outstanding results they are achieving as well as the multiple awards they have amassed.”

For his part, Thanos Chronopoulos, CEO of Epic, noted: “This award is a great honour for the company and a recognition of its contribution to Cypriot society and the economy. We are deeply grateful to our shareholders Monaco Telecom for their continuous trust and vast support. Together, we have made significant strides in the advancement of the telecommunications infrastructure, essential for the country’s development, through multimillion-euro investments aimed at developing ultra-modern, high-speed mobile and fibre networks.”

The 13th Invest Cyprus International Investment Awards, organised by the Cyprus Investment Promotion Agency (CIPA) and held under the auspices of the President of the Republic of Cyprus, are presented to companies that contribute to establishing Cyprus as an international investment hub – either through direct investment in the country or by supporting efforts to attract foreign investors.