Cyta on Monday announced the signing of an agreement with the Lebanese Ministry of Telecommunications for the construction and maintenance of a new subsea telecommunications connection between Cyprus and Lebanon.
In addition, the new subsea cable will utilise the commercial name CADMOS-2, for which the agreement was signed on Monday, December 12, 2022, in Beirut.
Cyta was represented by the Chairman of the Board Michalis Ioannides and CEO Andreas Neocleous.
CADMOS-2 will complement and subsequently replace a cable system interconnecting the two countries since 1995, and is expected to be operational in 2024, to meet the needs of international connectivity.
“The agreement enhances Cyta’s s position as a telecommunications hub and its role as a services centre in the wider area of the Eastern Mediterranean,” the company said in a statement.
“At the same time, it supports the business activities between Cyprus and Lebanon and strengthens the wider cooperation between the two countries, at a critical period characterized by uncertainty,” the statement added.
Commenting on the agreement, Finance Minister Constantinos Petrides said that “Cyprus and Lebanon, two neighbouring countries with a long history, have always maintained a friendly relationship”.
“The signing of the agreement to upgrade the infrastructure that interconnects them is a strong example of their continuous commitment to enhance this relationship,” he added.
The Minister of Telecommunications of the Lebanese Republic Johnny Corm noted that “we present our sincere thanks to CYTA and to the Cypriot government for this vital project, hoping to continue our cooperation for the benefit of both countries”.
What is more, Cyta Chairman Michalis Ioannides said that “with CADMOS-2, Cyta upgrades the connectivity between Cyprus and Lebanon, at the same time boosting the friendly relations between the two countries”.
“The project creates the conditions for new business opportunities that will benefit the economies of both countries,” he added.
Finally, Cyta CEO Andreas Neocleous stated that “the new subsea cable system underlines our commitment to providing top-quality, reliable services, not only to our local market, but also to our overseas customers and promotes our country’s s role as a centre of technology”.