Cyta Hellas gains new state financial backing

5 Oct 2009

Cypriot-owned Greek fixed line and broadband provider Cyta Hellas has obtained additional funding approval from Greece’s Information Society, reports Capital.gr, enabling it to resume rolling out subsidised broadband services in provincial regions of Greece. TeleGeography’s GlobalComms database says that Cyta Hellas had built a 1,450km broadband transport network in Greece’s northern regions and Crete (collectively referred to as ‘zone 5’) by mid-2009, having launched commercial consumer services in October 2008 under a 50/50 public/private broadband initiative. The new funding will allow it to resume its rollout of subsidised broadband and fixed telephony services; according to the news report Cyta Hellas has signed up over 35,000 subscribers to date.

Greece, Cyta Hellas