Posts by tag: Cyta

Local News March 23, 2015

CyTA denies state plot in delaying 4G network

By Elias Hazou

THE CYPRUS Telecommunications Authority (CyTA) said on Monday that it is on track to roll out its 4G network, denying allegations that authorities deliberately held back the organisation from implementing the technology.

In a statement, CyTA said its 4G project is in the stage of implementation, and that they are on schedule, as agreed between the organisation, the Privatisations Commissioner and the inter-ministerial commission on privatisations.

“There has been no delay whatsoever,” the statement said.

CyTA also…

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CyTA denies state plot in delaying 4G network
Local News March 2, 2015

CyTA’s profits fall for the fourth year in a row

By George Psyllides

STATE telecoms company CyTA expects to have reduced revenues for the fourth consecutive year, the House finance committee heard on Monday.

Speaking after the meeting, which discussed the company’s 2015 budget, committee chairman Nicolas Papadopoulos said there was concern because it was the fourth consecutive year in which CyTA recorded reduced revenue and a cut in its market share.

And it was the sixth year running that the company showed losses in Greece.

“Unfortunately it is a…

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CyTA’s profits fall for the fourth year in a row
Local News March 1, 2015

High-cost internet report was ‘misleading’

By Constantinos Psillides

THE GOVERNMENT has shot down a report released earlier this week, which showed that Cypriots pay nearly three times more than the European average for internet access.

The report, by the Digital Economy and Society Index (DESI), claimed that Cypriots pay the highest entry-level broadband connection in the EU – almost three times the EU average – have a low percentage of internet use despite the extensive coverage and do not shop online as much as other…

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High-cost internet report was ‘misleading’
Local News February 26, 2015

CyTA blocks ‘Microsoft scam’ number but warns of more

Cyprus Telecommunications Authority (CyTA) has blocked all calls from a Russian phone number apparently related to a series of phone scams, according to a statement issued on Thursday.

The number, +7847859718, has been blocked but CyTA warns that the scammers will probably use a different number to continue.

According to a warning issued by the police Cyber Crimes Unit last week, scammers are phoning up people posing as Microsoft support personnel in order to get access to credit card data.

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CyTA blocks ‘Microsoft scam’ number but warns of more
Local News February 12, 2015

CyTA jailbird still on salary

By Angelos Anastasiou

ALTHOUGH Orestis Vasiliou, the former director of Cytavision – the cable TV arm of semi-state telecoms company CyTA – has been incarcerated since December 2014 after being convicted to nine years for his role in the ‘Dromolaxia’ scandal, he was paid his January salary and may yet continue to do so until the courts issue a final ruling on his appeal, sources have told the Cyprus Mail.

According to a CyTA insider, the organisation’s legal advisors…

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CyTA jailbird still on salary
Local News February 11, 2015

Consultant sought to advise on EAC privatisation

By Evie Andreou

A TENDER has been issued for the appointment of an independent consultant to prepare a study concerning all possible outcomes on the future of the Electricity Authority of Cyprus (EAC), Privatisations commissioner Constantinos Herodotou said in an announcement on Wednesday.

He was responding to comments he had made on the sidelines of the Cyprus Investors’ Summit in Limassol on Tuesday, referring to the state-owned institutions lined up for privatisation by 2018.

“A large number of criteria must…

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Consultant sought to advise on EAC privatisation
Business Local News January 29, 2015

Cablenet not interested in CyTA privatisation process

By Marie Kambas

Telecom and Internet service provider Cablenet plans to continue to grow organically after gaining almost one fifth of the domestic number and will avoid getting involved in the privatisation of the Cyprus Telecommunications Authority, a senior manager said.

Based on published data of the Telecoms and Postal Services Regulator, the company, created in 2003, holds close to 17 percent of the domestic broadband market.

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Cablenet not interested in CyTA privatisation process
Business Local News January 28, 2015

CyTA unions reiterate opposition to privatisations

By Angelos Anastasiou

The state telecoms company (CyTA) employee unions expressed their opposition to the planned privatisation of the organisation on Wednesday in a meeting with Troika technocrats, and demanded that they be engaged in dialogue with the government with regard to CyTA’s future.

“CyTA’s union movement has unanimously expressed its frustration and protest on the procrastination displayed by the government since last March in forming the Joint Advisory Committee … before discussing employees’ labour and pension rights,” union rep…

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CyTA unions reiterate opposition to privatisations
Local News January 27, 2015

Privatisation programme to go full steam ahead in 2015

By Angelos Anastasiou

The privatisation of several state and semi-state organisations, including the Cyprus Telecommunications Authority (CyTA), is scheduled to take place in 2015, according to the finance ministry despite heavy protests by employees and unions anticipated in the coming days.

Privatisation of state-owned companies is part of Cyprus’ economic adjustment programme – a set of economic and administrative reforms – agreed with international creditors in 2013 in exchange for a €10-billion emergency bailout loan, in order to raise €1.4…

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Privatisation programme to go full steam ahead in 2015
Local News January 23, 2015

CyTA Santa Run raised €15,000 for infant hearing programme

Last month’s CyTA ‘Santa Run’ in Limassol raised €15,000 in aid of the Centre for Preventive Paediatrics’ screening programme for neonatal hearing, the telecoms company said on Friday.

The money was handed over to Dr Argyris Argyrou, the head f the centre at a ceremony in Limassol on Thursday. He described it as a lifeline in a very difficult economic period “and gives the centre the opportunity to continue its work”.

The neonatal infant hearing programme has been in…

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CyTA Santa Run raised €15,000 for infant hearing programme

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