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Cyta, Cyprus Telecommunications Authority, is a public utility organization established by Law to provide national and international telecommunications. Cyta is well known for its extensive global telecommunications network, as well as for the comprehensive portfolios of competitively priced and flexible products that it offers. Cyta is a financially sound organization, a situation brought about by high levels of productivity. The quantum leap in productivity was the result of continuous technological upgrading of its infrastructure, business processes that are continually re-engineered to achieve maximum efficiency, effective management of its product and service portfolios and last but not least, it owes much of its success to the hard work of its people.
Cyta is today on a dynamic curve. The liberalization of the telecommunications sector in Cyprus has created a dynamic and competitive environment that, will inevitably affect Cyta's market share and reserves. In response to these challenges, as well as the fact that Cyta is the owner or co-owner of significant capacities of international cable systems, lead to the decision of establishing strong presence in the international telecommunications arena, in order to expand and provide alternative sources of income for the Organization.
In order to achieve its aim, Digimed Communications Ltd , a wholly-owned Cyta subsidiary, is in the process of forming strategic alliances with partners abroad. Moreover, Digimed Communications Ltd has already proceeded to establish a number of subsidiaries of its own, and in particular Cyta UK Ltd in the UK and Cytaglobal Hellas in Greece , with the aim of creating the required conditions and functions to expand Cyta's operations in countries with significant Cypriot communities. Cytaglobal Hellas has been established in Greece on 5/11/2003 under the name Cyta Hellas A.E. and has been renamed to Cytaglobal Hellas A.E. on 2/1/07, assigning the right of use of the brand name “Cyta Hellas” to Digimed Communications Ltd.
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