Vodafone completes Cyta Hellas acquisition

12 Jul 2018

Vodafone Greece has announced the completion of its buyout of local fixed line operator and MVNO Cyta Hellas from Cyprus Telecommunications Authority (Cyta). Vodafone was named as the preferred bidder for Cyta Hellas in January this year, having submitted an offer of around EUR118.1 million (USD138 million), topping a bid of EUR100 million from another Greek telco, Wind Hellas. According to Vodafone, Cyta Hellas has approximately 300,000 fixed customers (market share of about 8%) and around 40,000 mobile users.

Greece, Cyta Hellas, Vodafone Greece (incl. Hellas Online)