A study by the Economic University of Athens on behalf of the Greek Mobile Operators Association (EEKT) found that the number of cell phone subscribers reached 16.4 million in 2014 to cater to the needs of 11 million residents in Greece.

Cell phone use increased by 4.5% compared to the previous year, however the total amount spent per person fell to 10 euros per month.

On their part, telecommunication companies invested 16% of their revenue to support the infrastructure needs for new technologies – up 21% from the previous year.  Prices and revenue, however, fell by 4.4%.

Greece currently has the cheapest cell phone contracts and mobile data prices that have dropped by 67% and 90% respectively since 2008.

Cell phone use directly contributes to 1.3% of the GDP, amounting to 1.25 billion euros.