Tele­com Italia and Cyta hook up for pro­ject

Kathimerini English - - Business & Finance -

Cyprus’s largest telecom­mu­ni­ca­tions ser­vices provider, Cyta, and Tele­com Italia have an­nounced they will build the first un­der­wa­ter ring net­work be­tween the east Mediter­ranean is­land and Greece.

The new Athena sub­ma­rine cable sub­sys­tem is sched­uled to start com­mer­cial op­er­a­tions by the end of the year, Ni­cosi­abased Cyta said yes­ter­day.

“The agree­ment for the Athena sub­sys­tem fos­ters a new part­ner­ship be­tween Cyta and Tele­com Italia that en­hances the strate­gic role of Cyta as a ma­jor cable hub in the East­ern Mediter­ranean,” said Pho­tis Sav­vides, Cyta’s CEO.

The sys­tem will lever­age the re­cently up­graded Min­erva un­der­wa­ter telecom­mu­ni­ca­tions cable that links Cyprus to Italy via the is­land of Crete and that is op­er­ated by MedNau­tilus, a unit of Tele­com Italia Sparkle, Tele­com Italia’s in­ter­na­tional whole­sale and re­tail busi­ness arm.

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