Telecommunications & Technology

Interview with George Ioannou, Director - PwC Cyprus, at INBusinessNews during the 9th ICT Conference

The past few years have seen an ever increasing appetite for connectivity by consumers and business alike. Subscribers demand more data more speed and constant connectivity. The industry in Cyprus is entering an era of extensive capex investments, driven by the deployment of next generation fixed (FTTH) and mobile (5G) networks.

As the technology and network deployment is moving forward, operators need to prepare themselves for the commercial challenges that lie ahead. New skills and a shift in culture will be required to fully capture the opportunities. Commercial innovation and a culture of mass collaboration with the wider technology ecosystem, will be critical skills in developing and servicing the use cases of the future.

At PwC Cyprus we have a fantastic multidisciplinary team with extensive industry specific experience. Where needed we can seamlessly complement our local knowledge and expertise with the knowledge of our global network. We deliver a complete range of professional services to telecom, cable, satellite and Internet service providers. We continue to add measurable value to our and the ecosystem through our thought leadership and innovation, and our ever evolving services and products.

• End to end re-engineering of Customer Journey, utilising the capabilities of PwCs Experience Centre
• Specialized assurance project on IOT rates and discounts
• Regulatory audit
• Structuring of mobile bundle subsidies from a VAT perspective

• Cybersecurity project
• Advisor to the Republics privatization unit for the privatization of the incumbent
• Due diligence for the acquisition of small MVNO company
• Statutory auditor
• Monetization of 5G

• Business process reengineering
• MSS development
• ISO 9000 development and implementation for overseas subsidiary
• NIS2 Directive
• IFRS15 and IFRS9 implementation support