CY: Cyta is determined to remain in Greece
After ten months of operations in Greece, Cyta continues to implement its business plan for the Greek market with great success, far exceeding its original expectations.
For this reason, it categorically denies recent reports concerning the possible acquisition by another company of its subsidiary Cyta Hellas which is active in Greece.
From time to time, Cyta considers proposals for strategic alliances which could assist the Organisation in achieving its business aims. In this context, Cyta is in contact with other companies but in no instance has there ever been any question of a takeover of its subsidiary in Greece.
Cyta is successfully developing its operations in Greece, where it has already constructed its own 1,450 km optical network and installed equipment to serve more than 80,000 customers, and it is gradually expanding into other regions.
The company has gained the confidence of its target market, where the Cyta brand has earned a reputation for its range of products, reliability and quality of service. The company’s financial situation and Cyta’s unwavering support mean that its future is assured. The idea of selling off or incorporating Cyta Hellas into another company is, therefore, completely out of the question.
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