Cyta: Vodafone is the preferred bidder for Greece subsidiary

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Cyta: Vodafone is the preferred bidder for Greece subsidiaryInfrastructure improvement is very important for Greek tourism

Cyprus-based Cyta on Friday announced that Vodafone is its preferred bidder for the purchase of its Greek subsidiary, Cyta Hellas, confirming earlier reports by "Naftemporiki" newspaper.   

No mention is made by the parent company of a sale price, or subsequent steps. However, reports state that the Cypriot telecoms operator will transfer all of Cyta Hellas' shares to Vodafone for roughly 120 million euros.

At the same time, the looming sale reportedly has the unofficial "green light" by Cyprus' political parties.

Wind Hellas was the other bidder for Cyta Hellas.

Read more here.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinations Greek travel marketGreek tourism statisticsGreek tourism report

Photo Source: Wikimedia Commons Copyright: Kj1595 License: CC-BY-SA

Source: naftemporiki.gr

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