What is holding Cyprus back more than anything is a bunch of government employed lawyers who work for the "regulator".
They serve nothing more than the interests of certain individuals and do nothing to benefit the consumer.
The alternative providers simply don't have the infrastructure nor the funding to deliver speeds like those being introduced elsewhere. Cyta have both the funding and the infrastructure and have done for quite a while. Cyta would have introduced higher speeds/lower prices yet are being prevented from doing so by the "regulator"
Cyta were amongst the first in Europe to invest in a Fiber-To-The-Home (FTTH) network based on Ericsson's GPON (Gigabit Passive Optical Network) solution. This was in 2007!!!!!!
http://www.ericsson.com/news/1138846Cyta could theoretically already deliver Gigabit Internet similar to what exists in Sweden. The problem is the "regulator"