Vodafone Group today announces that Vodafone-Panafon Hellenic Telecommunications Company S.A. ("Vodafone Greece") has completed the acquisition of CYTA Telecommunications Hellas S.A. ("CYTA Hellas") for a total enterprise value of €118 million.
CYTA Hellas is a provider of fixed and mobile telecommunication services in Greece. It owns a fibre optic Next Generation Network and offers mobile services through a Mobile Virtual Network Operator with Vodafone Greece. CYTA Hellas has around 300,000 fixed broadband customers (c. 8% market share) and around 40,000 mobile customers
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