MONDAY, 24 JAN 2022

 

CONNECT

Facebook Linked In Twitter
IMH LTD

Kasoulides In Brussels To Attend Foreign Affairs Council And General Affairs Council

Christine Lagarde Rejects Calls for ECB to Act Faster on Inflation

IMH LTD

SERVICES

brought to you by Barclays

Vodafone Wins Tender for Acquisition of Cyta Hellas

Vodafone Wins Tender for Acquisition of Cyta Hellas

Vodafone has won the tender for the acquistion of a 100% stake in Cyta Hellas, the Greek telco owned by the Cyprus Telecommunications Authority.

A contract for the transaction could be signed as soon as Sunday, January 28, the date of the presidential elections in Cyprus, Broadband TV News reports.

It adds that sources indicate Vodafone bid €117 million for the telco, beating the offer of around €100 million submitted by Wind Hellas. China’s PCCW, another interested party, did not submit a bid in the end.

The Cyprus Telecommunications Authority will exit the Greek market with losses, having invested over €200 million in Cyta Hellas over the last 10 years.

Meanwhile, Vodafone will strengthen its position in the fixed-line sector in Greece, increasing its subscriber total from under 750,000 to close to one million.

MORE ON SERVICES

Building Cyprus Into A Tech Hub

The technology sector can become the new mainstay of the Cypriot economy and offer ...

Women’s Presence In The 5th Project Management Conference

Many professions, among them Project Management, were mostly male-dominated. However, ...

Melco Cyprus joins 12th Limassol Economic Forum

Melco Cyprus, operator of the upcoming integrated resort (IR), City of Dreams ...

FROM AROUND GOLDNEWS

   

GOLD Magazine: COMPLIANCE & REGTECH

Compliance has become an essential aspect of the activities of all regulated entities, from banks and investment firms to insurance companies, Forex ...
   

Kasoulides In Brussels To Attend Foreign Affairs Council And General Affairs Council

Foreign Minister Ioannis Kasoulides will participate in the EU’s Foreign Affairs Council (FAC) and General Affairs Council (GAC) in Brussels on Monday and ...
   

Renault, Nissan, Mitsubishi To Unveil 2030 EV Plan This Week

Nissan Motor Co and Mitsubishi Motors Corp (7211.T) plan to triple their investment to jointly develop electric vehicles (EVs), two people with knowledge of ...
   

Cyprus Shipping Deputy Ministry Announces A Tender For The Digital Transformation Of The Shipping Deputy Ministry

The Cyprus Shipping Deputy Ministry (SDM) announces the launch of a tender (Tender No. SDM 1/2022) for the Digital Transformation of the Shipping Deputy ...
   

Christine Lagarde Rejects Calls for ECB to Act Faster on Inflation

Christine Lagarde has rejected calls for the European Central Bank to raise interest rates more quickly than planned in response to record inflation, saying it ...
   

Crypto Crash: Bitcoin Losses Nearly Half Its Value And Extends Losses As Market Fails To Rally

Bitcoin continued to plunge on Saturday following Friday’s cryptocurrency market crash, dropping 5.6 per cent to sit below the $35,000 (€30,851) threshold for ...
   

Hong Kong’s Financial Sector Faces Talent Crunch As Expats Head For The Exit

Late last year, Tania Sibree quit her well-paid job as a financial services lawyer in Hong Kong and returned to Australia rather than live a moment longer with ...
   

Apartments Keep Pushing Residence Prices Up

Residential property prices in Cyprus continued to rise in Q3 2021, primarily driven by apartment purchases, according to Residential Property Price Index ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

gold_january_2022
CIM_SUMMIT_24/1-8/4

IMH LTD