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Vodafone Greece announces that it has completed today the acquisition of CYTA Hellas with a commercial value of 118 million euros
As stated by Vodafone, Cyta Hellas is a provider of fixed and mobile telephony services in Greece. It owns a new generation proprietary optical fiber network and provides mobile services as a virtual mobile network operator (MVNO) via the Vodafone Greece network. CYTA Hellas has about fixed customers (market share of about 8%) and about 40,000 mobile customers according to the latest available public data.
With this acquisition, Vodafone continues strategic investments in Greece. With an extensive network and a customer base, Vodafone will enhance the innovative communication and entertainment services it offers its customers with even more options, the company stresses.
million. Harris Bromidis, President and CEO of Vodafone Greece, said: "The acquisition of Cyta Hellas will enhance Vodafone Greece through the combination of talent and Vodafone's experience with Cyta Hellas. By putting the focus on our employees, we are using new opportunities for knowledge and innovation and we are driving Greece into the vision of a Gigabit company. "
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