Subsidiaries

Digimed Communications Ltd has been established in 1988 as a subsidiary of Cyta and Cable & Wireless with the objective to plan, implement and maintain cable systems in the Mediterranean. In 1996, Digimed was acquired by Cyta. Today, Digimed is a wholly owned subsidiary company of Cyta and its mission is to create the proper conditions and functions, in order to achieve Cyta’s goal of expanding its operations in Cyprus and in other countries, especially those with large Cypriot communities. This expansion concerns the completion of the range of products and services offered by Cyta and the provision of value added services and total solutions in the Cyprus market and abroad.

To accomplish its mission, Digimed Communications Ltd proceeded to form strategic alliances with partners and various subsidiary companies of its own. Digimed’s major subsidiaries are Bestel Communications Ltd, Cytacom Solutions Ltd, Emporion Plaza Ltd, Iris Gateway Satellite Services Ltd, Cyta UK Ltd, Cytaglobal Hellas AE and Cyta Hellas AE, covering a wide range of telecommunications and information technology services. Cyta Hellas AE is owned 90% by Digimed and 10% by Cyta. Bestel Communications Ltd is a joint venture between Digimed and ZTE Corporation of China. All other subsidiaries are wholly owned by Digimed.

Operating in the framework of its mission to contribute to the development of Cyta’s strategic aims in Cyprus and abroad through its subsidiary companies, Digimed Communications Ltd focuses on improving and developing the activities of its subsidiaries. In this respect, Digimed has established Service Level Agreements with major Cyta’s Business Units, thus securing human and other resources, required by its subsidiaries to perform effectively. Particular emphasis has been placed on the implementation of the project by Cyta Hellas AE, co-financed by the 3rd European Community Support Framework and the Greek government, for developing broadband infrastructure in various parts of Greece. Digimed Communications Ltd contributes actively to the realisation of this project, with the aim of establishing Cyta Hellas AE as a respected and reliable provider in the Greek market.

Cytaglobal has recently intensified its efforts for expanding Cyta's operations abroad, especially in countries with significant Cypriot Communities, like Greece, and the United Kingdom. Taking into consideration the liberalisation of the telecommunications market in Cyprus as well as Cyta's significant investment in regional submarine cable systems, the strategy of entering new markets will provide alternative sources of income for Cyta. The result of this strategy was the decision to establish subsidiary companies abroad, through Digimed Communications Ltd, Cyta's wholly-owned Holding Company. Cyta UK Ltd was registered in the United Kingdom on 15th February 2000, in order to expand Cyta's operations in the United Kingdom market, initially targeting corporate customers, ISPs and other telecommunications providers, by providing end-to-end total solutions and wholesale products. In association with Cytaglobal and Cytaglobal Hellas Α.Ε., Cyta UK Ltd has established CytaWorld.Net a new generation private broadband network, interconnecting Cyprus, Greece and the United Kingdom, and providing international connections beyond. In December 2005, Cyta UK Ltd expanded its operations in the United Kingdom retail market, and now offers competitive voice packages for residential and business customers. Cyta UK is committed at providing friendly solutions tailored especially to the communication needs of its customers. Voice products and services are integrated to create cyta.talk and cytabusiness packages which are designed with manageability in mind and constantly evolving to meet customers' changing needs, maintaining at all times exceptionally high quality at very competitive prices.

Cytaglobal has recently intensified its efforts for expanding Cyta’s operations abroad, especially in countries with significant Cypriot Communities, like Greece, and the United Kingdom. Taking into consideration the liberalisation of the telecommunications market in Cyprus as well as Cyta’s significant investment in regional submarine cable systems, the strategy of entering new markets will provide alternative sources of income for Cyta. The result of this strategy was the decision to establish subsidiary companies abroad, through Digimed Communications Ltd, Cyta’s wholly-owned Holding Company. Cyta Hellas Α.Ε. has been established in Greece, on 5th November 2003, in order to expand Cyta’s operations in the Greek market, initially targeting other telecommunications providers, by providing end-to-end total solutions and wholesale products. In January 2004, Cyta Hellas Α.Ε. has been granted General Licenses for providing telecommunication services in Greece. On 2nd January 2007, Cyta Hellas A.E. has been renamed to Cytaglobal Hellas Α.Ε. assigning the right of use of the brand name “Cyta Hellas” to Digimed Communications Ltd. In association with Cytaglobal and Cyta UK Ltd, Cytagobal Hellas Α.Ε. has established CytaWorld.Net an MPLS based broadband network, interconnecting Cyprus, Greece and the United Kingdom, and providing international connections beyond.

Iris Gateway Satellite Services Ltd, a wholly owned subsidiary of Cyta, was originally established in 1999 for the provision of satellite turnaround services. The basic services are mainly based on DVB technology and focus on the provision of audio, video and data. Iris has established its facilities at Cyta's Makarios Earth Station in Cyprus, which offers extensive coverage area including Asia, the Middle East and Europe. For Europe, satellite services are offered through Sirius 2 satellite in association with SES Americom. For Asia and Australia, satellite services are offered through AsiaSat 2 in association with AsiaSat. Cyta and IRIS share multi years of experience in satellite communications and operate at the moment more than 25 major earth station antennas. Iris builds on the strengths of Cyta in experienced personnel, top of the line facilities and financial resources in order to offer the best quality of service to its customers at competitive prices.