Vodafone Expands Network in Greece with the Acquisition of CYTA Hellas for €118M

Vodafone Expands Network in Greece with the Acquisition of CYTA Hellas for €118M Image Credit: CYTA Hellas

Vodafone Group announces that Vodafone Greece has agreed to acquire CYTA Hellas for a total enterprise value of €118 million.

CYTA Hellas is a provider of fixed and mobile telecommunication services in Greece. It owns a fibre optic Next Generation Network and offers mobile services through an MVNO with Vodafone Greece.

CYTA Hellas has around 300,000 fixed broadband customers (c. 8% market share) and around 40,000 mobile customers. The acquisition provides further scale and momentum to Vodafone’s fixed line and convergence strategy in Greece, building on the successful acquisition and integration of Hellas Online in 2014. 

Through this acquisition, Vodafone Greece will expand its fixed network, increase its customer base and secure additional capabilities and expertise for the benefit of its customers and Greek consumers in general.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

PREVIOUS POST

Verizon Boosts Telematics Business in Europe with Acquisition of Movildata

NEXT POST

Vodafone Confirms Talks to Buy European Cable Assets From Liberty Global

THE EDITOR'S DESK

UPCOMING EVENTS

Artelligence 2019

Network Virtualization and SDN Asia

Network Virtualization & SDN Americas

Mobile 360 Digital Societies 2019

TADSummit 2019

MWC Los Angeles 2019

The Digitrans Forum 2019

Mobile 360 Eurasia 2019

ON TWITTER

ON FACEBOOK