Cablenet is a privately owned Cypriot telecommunications company with over 180 employees. It has invested over €25 million to develop one of the largest wholly-owned fiber optic and hybrid fiber-coaxial networks in Cyprus. As of June 2011, Cablenet had over 23,000 subscribers. The company offers internet, television, telephone, and hosting services to residential and business customers through its fully redundant national and international networks.