CytaHellas celebrates 1st year in Greece, aims for Thessaloniki expansion

Cyta Hellas is celebrating its first year of operations having invested EUR 65 mln and built up a subscriber base of 45,000 home and corporate customers in central Greece and Crete, and is already setting its sights on penetrating the telecoms market in Thessaloniki.
Cyta chairman Stathis Kittis said that “we have shown that we can compete on our own with other providers in a highly competitive market where mergers and acquisitions are the only solution for others.”
The telco’s senior management is satisfied that the initial targets have been met by offering the ‘1play’ and ‘2play’ fixed-line telephony and Internet connections.
Cyta was one of four telecom providers for the Information Society programme for broadband connectivity in rural Greece subsidized by the EU Regional Development Fund and the Greek state. It undertook to develop Zone 5 of the programme (Florina, Pella, Grevena, Kozani, Kastoria, Imathia, Heraklion, Lasithio, the islands of Aigina, Poros, Angistri, as well as Salamina and Ampelakia) and currently provides coverage in all four districts of Crete through a collective network of 1,600 kilometres of fibre optic lines.