Vodafone-Cyta deal approved

2 Jul 2018

Vodafone Greece has been granted approval by the Hellenic Telecommunications & Post Commission (Ethniki Epitropi Tilepikoinonion kai Tachydromeion, EETT) to acquire smaller rival Cyta Hellas, according to a report from Kathimerini. Vodafone was named as the preferred bidder for Cyta in January this year, having submitted an offer of around EUR117 million (USD152 million), topping a bid of EUR100 million from another Greek telco, Wind Hellas.

Greece, Cyta Hellas, Hellenic Telecommunications & Post Commission (EETT), Vodafone Greece (incl. Hellas Online)