Cyta gets two offers for CytaHellas

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Cyta gets two offers for CytaHellas
 © BusinessMail 2018
By Stelios Orphanides

Two Greek companies have submitted proposals to acquire CytaHellas, the loss-making subsidiary of state-owned telecom Cyta, put on sale to stop the blood-letting, although no decision has yet been made to proceed with either of them so far.

Still, a successful completion of the deal is unlikely to reverse the downward trend of Cyta’s market share on the domestic market which commenced in 2004.

Greece’s Vodafone-Panafon and Wind Hellas expressing their interest, the state-owned company said.

“The evaluation of the proposals is beginning immediately,”...


Cyta gets two offers for CytaHellas


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