Cyta

Semi-governmental Telecom in Cyprus

Cyta

CYTA Central Offices
Native name	Cyprus Telecommunications Authority (CYTA)
Formerly	Cyprus Inland Telecommunications Authority (CITA; 1955-1961)
Company type	State-owned
Industry	Telecommunications
Founded	1955; 69 years ago (1955)
Headquarters	Nicosia , Cyprus
Area served	Cyprus
Key people	Michael Ioannides (Chairman) Andreas Neocleous (CEO)
Products	Fixed-line telephony Mobile telephony IPTV Broadband
Revenue	€400.1 million (2022)^[1]
Operating income	€84.79 million (2022)^[1]
Net income	€76.08 million (2022)^[1]
Total assets	€1.081 billion (2022)^[1]
Total equity	€1.116 billion (2022)^[1]
Owner	Government of Cyprus
Number of employees	2,287 (2022)^[2]
Website	www.cyta.com.cy

Cyta (Greek: [ˈsita]) is a semi-governmental company incorporated by law, it is the leading provider of integrated electronic communications in Cyprus. It is the dominant provider of fixed-line telecommunications, mobile telecommunications and Ιnternet access in Cyprus.^[3]

History

Originally established as Cyprus Inland Telecommunications Authority (CITA; Greek: Αρχής Εσωτερικών Τηλεπικοινωνιών Κύπρου (A.E.T.K.)) in 1955, took on its current name Cyprus Telecommunications Authority (CYTA; Greek: Αρχή Τηλεπικοινωνιών Κύπρου (Α.ΤΗ.Κ.) [aˈtik]) in 1961 after taking control of external communications from Cable & Wireless Ltd.

It has provided Internet access since 1995 under the brand Cytanet, and it now offers broadband services DSL access. Branded as miVision then, Cyta entered in 2004 the digital and interactive television market. The service has been renamed Cytavision.

In 1988 the company launched mobile telephony offer under the brand Cytagsm, which became Cytamobile in 2004, and the same year, following a network partnership agreement with Vodafone, it was renamed Cytamobile-Vodafone.^[4]

Operations

Nowadays, Cyta provides a broad range of services and facilities for voice and data applications in both fixed and mobile telephony. Particular emphasis is placed on the provision of value added services, such as content/multimedia via the Internet which, according to industry projections, will be the dominant business activity of the next decade.^{[citation needed]}

Building on its role as a telecommunications hub in the South-Eastern Mediterranean, Cyta expanded its operations in the Greek market, offering broadband Internet and fixed telephony services in specific areas of Greece, with plans for further expansion in the future. It also operates in the British market, under the brand Cyta UK, offering "tailored network solutions"^{[clarification needed]} to customers based on the IP-MPLS platform. Central and Eastern Europe are markets that have also been targeted.

In recent years and following Cyprus’ accession to the European Union in 2004, Cyta faced a number of challenges with regards to the legal implications and regulations of operating within the European Bloc, the fierce competition this brings as well as the ever-changing developments in telecommunications.^{[citation needed]}

Services

The company covers the whole country with digital PSTN, ISDN, DSL and FTTH services. Cyta is offering fixed-line telephony, Internet service (Cytanet), mobile telephony (Cytamobile-Vodafone) and pay TV (Cytavision).

References

^ ^a ^b ^c ^d ^e "Auditors' Report & Financial Statements 2022" (PDF). cyta.com.cy (in Greek). Cyprus Telecommunications Authority.
^ "Annual Report - Annual Sustainability Report 2022" (PDF). cyta.com.cy (in Greek). Cyprus Telecommunications Authority.
^ "Cytamobile Vodafone: Cytamobile-Vodafone". www.cytamobile-vodafone.com. Retrieved 2013-01-18.
^ "Cytamobile Vodafone: Our History". www.cytamobile-vodafone.com. Retrieved 2013-01-18.