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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 owns much of its success to the hard work on behalf of its
workforce.
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 reserve. 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 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 SA in Greece,
with the aim of creating the required conditions and functions to
expand CYTA’s operations in countries with significant Cypriot
communities.
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