Vodafone to buy CyTA Hellas
- DATE: Jan 24, 2018
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- CATEGORY: MARKET TRENDS
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- AUTHOR: Elena Economou
Vodafone said on Tuesday it had agreed to buy Athens-based CyTA Telecommunications Hellas SA for €118 million to expand its fixed line network in Greece.
The purchase will add around 40,000 mobile customers and about 300,000 fixed broadband customers, or roughly 8 per cent market share, to Vodafone-Panafon Hellenic Telecommunications Co’s network, the British telecoms group said in a statement.
CyTA Hellas is the Greek unit of Cyprus Telecommunications Authority.
Source: CyprusMail
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