Number of cell phone users in Greece rises during crisis

Greek citizens might be in a crisis, but the telecoms companies are making a lot of money from their subscribers. The number of cell phone subscribers in Greece has apparently reached 16.4 million in 2014 to a population of only 11 million Greeks, according to a new survey that was conducted from the Economic University of Athens for the Greek Mobile Operators Association (EEKT).

In fact, the use of cell phones rose by 4.5% compared to 2013, but the total amount spent per person fell to 10 euros per month.

Telecom companies are doing so well that they actually invested 16 percent from their revenues to support the infrastructure needs for new technologies – this is approximately 21 percent more than in 2013. Prices and revenue, however, fell by 4.4%.

Thankfully, Greece still maintains the most inexpensive cell phone contracts and mobile data prices have dropped by 67 and 90 percent, respectively, since 2008.