Posts by tag: Cyta

Local News October 19, 2014

Less bang for your buck: why the internet is so slow and expensive in Cyprus

By Constantinos Psillides

THE FACT that Cyprus is lagging in areas where other EU countries are advancing rapidly is hardly newsworthy. So it comes as absolutely nobody’s surprise that Cypriots pay too much on their internet connection, at the same time putting up with slower speeds than their EU counterparts.

According to data from the EU Digital Agenda Scoreboard, Cypriots pay an average of €91 for fast and ultra-fast internet connections (this applies to speeds of 30Mbps to 100Mbps) and…

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Less bang for your buck: why the internet is so slow and expensive in Cyprus
Local News October 18, 2014

CyTA called to account for freebies

A list with freebies worth €60,000 given last year by the telecommunication authority CyTA to political parties, former state officials, mayors and football clubs has been given by Auditor-general Odysseas Michaelides to the House Public Expenditure Control committee.

Michaelides said that he found reprehensible CyTA’s practice of giving away electronic devices and coupons to non-business clientele.

He added that the service needs of state officials should be covered by the government and not by officials at CyTA.

Chairman of the…

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CyTA called to account for freebies
Business Local News October 16, 2014

EBRD ready to provide equity to Cypriot banks if needed

The European Bank for Reconstruction and Development (EBRD) has not ruled out the possibility of buying a stake in Cyprus` banks in addition to that of the Bank of Cyprus, EBRD Cyprus office head Libor Krkoska has told the Cyprus News Agency.

The EBRD began operations in Cyprus following a request from the Cypriot authorities. The Bank`s first move on the island was the acquisition of 5.12 per cent of the island`s largest lender, Bank of Cyprus, as part of…

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EBRD ready to provide equity to Cypriot banks if needed
Local News September 24, 2014

CIIM-CyTA announce start-up competition

THE Cyprus International Institute of Management (CIIM) and the Cyprus Telecommunications Authority (CyTA) on Wednesday presented a business competition for 2014-2015 with a view to creating innovative independent business with a global perspective (start-ups).

The emphasis will be on companies that are in the early stages of development, web-based businesses, and businesses based on new knowledge and high technology.

The competing teams have to comprise two to five members, one of whom must be a student or a graduate (alumni) of the…

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CIIM-CyTA announce start-up competition
Local News September 19, 2014

CyTA offers free telecare trial to the elderly

By Evie Andreou

SENIOR citizens of Strovolos will have the opportunity to be the first to test two telecare services – the Alert Button and Location Tracking – provided by the Cyprus Telecommunications Authority (CyTA) and VIDAVO Company.

The two services, which are running on a pilot basis, will be provided free of charge to members of the Strovolos daily centre for elderly people for a period of two months.

The alert button, which is on a bracelet, puts…

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CyTA offers free telecare trial to the elderly
Local News September 18, 2014

CyTA case a ‘conspiracy to hurt AKEL’

By George Psyllides

AKEL’s former financial officer, on trial in connection with a suspicious land deal involving state telecoms company CyTA, reiterated on Thursday that the whole case was a political conspiracy to hurt the party.

Venizelos Zanettos, 67, claimed he had no involvement and queried why investigators had not questioned AKEL MP Nicos Katsourides in connection with the case, stressing however that he was not suggesting he was guilty.

He said Katsourides had been tasked with overseeing CyTA on…

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CyTA case a ‘conspiracy to hurt AKEL’
Local News September 17, 2014

Scandal over CyTA restructure contract

By Constantinos Psillides

The House of Representatives Watchdog committee on Tuesday demanded more information regarding the CyTA board’s decision to choose German company Detekom to conduct a study into the telecommunications authority’s organisational structure.

According to the annual report filed by the office of Auditor General Odysseas Michaelides, German telecommunications giant Deutsche Telekom is a shareholder in Detekom.

Detekom, according to the MPs, will be tasked with laying the groundwork for CyTA’s organisational restructuring so the company can be successfully…

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Scandal over CyTA restructure contract
Business Local News September 13, 2014

CyTA to enter Greek mobile market

By Angelos Anastasiou

WITH A focus on implementing its growth and value-adding strategy, CyTA has decided to enter the highly competitive mobile telephony market in Greece via its Greek subsidiary, the semi-state telecoms company has announced.

At a news conference, conducted simultaneously in Athens and Nicosia via telepresence, the company presented its latest strategic venture.

While already operating in Greece, offering landline, internet and audiovisual services, CyTA considers the strengthening of its presence with the missing “fourth pole” –…

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CyTA to enter Greek mobile market
Local News September 2, 2014

Premier League game goes dark as CyTA pulls the plug too early

By Angelos Anastasiou

THE DECISION to suspend broadcasting of Cytavision’s – CyTA’s TV arm – Sports Plus package hours ahead of the announced cut off point for the month of free viewing left viewers infuriated in the middle of Sunday’s Tottenham-Liverpool Premier League fixture.

Sports Plus is a recent addition to Cytavision’s TV package, following a deal struck with Lumiere TV (LTV), and comprises three additional sports channels with content previously broadcast by LTV – including the English Premier League,…

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Premier League game goes dark as CyTA pulls the plug too early
Local News July 15, 2014

Kickback claims ‘baseless’ Kittis tells court

By Angelos Anastasiou

FORMER CyTA chairman Stathis Kittis, one of the accused in the ‘Dromolaxia scandal’, in which a plot of land was bought illegally from its Turkish Cypriot owner and developed using money from the semi-state telecoms company CyTA’s employee pension fund in exchange for kickbacks, testified before the Larnaca Assize court on Monday.

Kittis denied having received kickbacks from Nikos Lillis, who had undertaken developing the plot into the ‘Aero’ office complex. Lillis, the key witness for the…

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Kickback claims ‘baseless’ Kittis tells court

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