Cyprus Mail

Vodafone to buy CyTA Hellas

Vodafone said on Tuesday it had agreed to buy Athens-based CyTA Telecommunications Hellas SA for €118 million to expand its fixed line network in Greece.

The purchase will add around 40,000 mobile customers and about 300,000 fixed broadband customers, or roughly 8 per cent market share, to Vodafone-Panafon Hellenic Telecommunications Co’s network, the British telecoms group said in a statement.

CyTA Hellas is the Greek unit of Cyprus Telecommunications Authority.

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